If a Company Wants to Be a Price-Taker,which of the Following

question 3

Multiple Choice

If a company wants to be a price-taker,which of the following strategies should be taken?

• 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.

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Definitions:

Wildlife

refers to wild animals collectively, which live in their natural environment without direct human intervention.

Human Beings

Homo sapiens, the species to which all modern human beings belong and the only member of the genus Homo that is not extinct.

Sewage Treatment

The process of removing contaminants from wastewater, primarily from household sewage, to produce an effluent suitable for discharge or reuse in the environment.

Advanced-Physical

Pertains to the sophisticated physical sciences and technologies pushing the boundaries of understanding in fields such as physics and engineering.