A Company Named Runathon Inc

question 26

Multiple Choice

A company named Runathon Inc.had opened its store that displayed only shoe brands.The employees at the store were very service-oriented, and attended their customers and solved their queries efficiently.Runathon also had a special team of experts who advised customers on the type of shoe to choose for a particular sport.Few years later, another company called FitRight Corp.opened its store right opposite Runathon.Although FitRight had shoe brands, trekking gear, and sportswear displayed in its store, it was not able to attain the profits that Runathon did because its salespeople were not as experienced and learned as Runathon.Which of the following factors of inimitability did Runathon Inc.have?

• A) Complexity
• B) Time compression diseconomy
• C) Path dependence
• D) Virtuous circle

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Definitions:

Classical Conditioning

A learning process in which a natural response is elicited by a conditioned stimulus that is previously paired with an unconditioned stimulus.

Skinner Box

An experimental apparatus created by B.F. Skinner to study animal behavior through controlled environments.

Peck

A unit of dry volume or a way birds use their beaks to eat, communicate, or interact with their environment.

Reflexive Response

An automatic, involuntary reaction to a stimulus, not requiring conscious thought.