Which of the Following Is an Example of a Competitive

question 6

Multiple Choice

Which of the following is an example of a competitive strategy employed by a firm?

• A)increasing the price of its product when raw material prices increase
• B)launching a unique product targeted at a section of consumers
• C)laying off staff in order to cut down costs during a recession period
• D)advertising its products nationwide like its competitor organisations

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Definitions:

Calcite

A carbonate mineral and the most stable polymorph of calcium carbonate (CaCO3), commonly found in sedimentary rocks.

Arabian Peninsula

A large, relatively arid peninsula in Western Asia, bordered by the Red Sea, Arabian Sea, and Persian Gulf, consisting of several countries including Saudi Arabia.

Thrust Faults

A type of fault in which one rock layer is pushed up and over another, often related to compressional tectonic forces.

Sedimentary Rocks

Rocks formed by the accumulation and compaction of sediment, often containing fossils and layers that reveal Earth's past environments.