What Are Deficient Products

question 77

Multiple Choice

What are deficient products?

• A) Products that have neither immediate appeal nor long-run benefits
• B) Products that give high immediate satisfaction but only hurt consumers in the long run
• C) Products that have low appeal but may benefit consumers in the long run
• D) Products that are either unsafe or inferior
• E) Any product in the decline stage of the product life cycle

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Definitions:

Temporary Competitive Advantage

A situation where a firm gains an edge over its competitors for a short period due to unique resources or positioning.

Redesign Production

This refers to the process of changing the way a product is created or manufactured to improve efficiency, quality, or adapt to new market demands.

Resource Heterogeneity

The principle that resources and capabilities differ across firms, which can lead to competitive advantages for firms that have unique, valuable, and inimitable resources.

Socially Complex

Pertains to situations, relationships, or entities that are intricate due to the diversity and interdependence of social factors or actors involved.