Common Usage of a Product May Indicate a Dominant Design

question 16

Multiple Choice

Common usage of a product may indicate a dominant design has been established. This is sometimes called a:

• A)de facto standard
• B)socipolitical standard
• C)external institutional standard
• D)de jure standard

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Definitions:

Ineffective Marketing

Marketing efforts that fail to achieve the desired impact or results in reaching the target audience.

Synergistic Benefits

Advantages resulting from the merging or collaboration of organizations, often leading to enhanced efficiency, economies of scale, or improved market position.

Merger

The combination of two or more companies into a single entity, typically with the aim of achieving operational efficiencies or entering new markets.

Strategic Benefits

The long-term advantages gained from specific business decisions or activities, contributing to the achievement of company objectives.