For Companies Whose Main Products Will Not Be Seen by Consumers

question 108

Multiple Choice

For companies whose main products will not be seen by consumers and whose skills lie in productivity anonymity, a ___________could be to create a brand image to create a distinctive competence.

• A) strategic reference point
• B) tactical benchmark
• C) strategic mission
• D) core advantage
• E) competitive sustainability

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Definitions:

Price Ceiling

A price ceiling is a government-imposed limit on the price charged for a product or service, intended to prevent prices from rising above a certain level.

Government

The organized body responsible for overseeing the political administration and governance of a state or nation.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price in a given period.

Binding

A situation, typically in the context of contracts or agreements, where parties are legally obligated to adhere to the terms set forth.