Use the Following to Answer Questions

question 48

Multiple Choice

Use the following to answer questions :
Scenario: Flood Area
Suppose that you own a home that is estimated to be worth $250 000.You live in a flood plain;as a result,the probability that you will lose your home to a flood is 30%.
-(Scenario: Flood Area) Use Scenario: Flood Area.A flood may occur,causing you to lose your entire home.In this case,your expected loss resulting from the flood would be:

• A) $250 000.
• B) $75 000.
• C) $15 000.
• D) $100 000.

---

Definitions:

Competitive Scope

The breadth and scale of competition a company faces, ranging from local to global markets and across various segments.

Cost Leadership

A business strategy aiming to achieve the lowest operational costs in an industry to offer products or services at a lower price than competitors.

Effective Marketing Strategy

A comprehensive plan crafted to communicate a product's or service's value to the target audience, aiming to achieve marketing objectives and enhance market position.

Competitive Advantages

Refers to conditions that allow a company or country to produce goods or services at a lower price or in a more desirable fashion for customers than its competitors.