If a Company Wishes to Be a Price-Taker, Which of the Following

question 153

Multiple Choice

If a company wishes to be a price-taker, which of the following strategies should they take?

• A)enter a competitive market and focus on cost cutting
• B)produce a unique product
• C)exploit the value of a fashionable brand name
• D)differentiate the product clearly from the competitors

---

Definitions:

Processing

The act of taking in, understanding, and integrating information or experiences.

Forming Responses

The process of developing and articulating replies or reactions, often in the context of communication or team dynamics.

Active Listening

A method of listening that involves paying full attention, understanding, responding, and remembering what is being said.

Synonymous

Having the same or nearly the same meaning as another word or phrase in the same language.