A Firm Is Said to Be _____ If It Does

question 88

Multiple Choice

A firm is said to be _____ if it does not offer features that are unique enough to convince customers to buy its offerings and its prices are too high to effectively compete on based on price.

• A) paste-up
• B) runner
• C) rack jobber
• D) stuck in the middle
• E) preretailing

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Definitions:

Ossicles

Ossicles are the three small bones in the middle ear (the malleus, incus, and stapes) that transmit sound vibrations from the eardrum to the inner ear.

Olfaction

The sense of smell, a chemical sensing system that detects odor molecules in the environment.

Sense

A faculty by which the body perceives an external stimulus; one of the faculties of sight, smell, hearing, taste, and touch.

Refracted

Refracted refers to the bending of a wave, such as light or sound, as it passes through a medium, which changes its speed and direction.