________ Are Those Functions,activities or Business Practices,defined by the Market

question 44

Multiple Choice

________ are those functions,activities or business practices,defined by the market not the company,and as viewed by the customer,that are critical to the vendor/customer relationship.

• A)Operations
• B)Cycles
• C)Tactics
• D)Key success factors

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Definitions:

Demand Curve

A graph that illustrates the relationship between the price of a good or service and the quantity demanded by consumers.

Variable Costs

Expenses that change in proportion to the level of production or company activity.

Monopolistically Competitive

A market structure where many companies sell products that are similar but not identical, allowing for significant competition based on quality, branding, and price.

Incurring A Loss

Experiencing a financial deficit where expenses exceed revenues.