Firm Can Compete in Two Broad Alternate Ways

question 4

Multiple Choice

firm can compete in two broad alternate ways. It can either seek competitive advantages on ________ or _______________ itself from its competitors.

• A) cost / distinguish
• B) cost / choose to differentiate
• C) quality / choose to differentiate
• D) price / separate
• E) quality / distinguish

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Definitions:

Natural Philosophy

An early term for the study of the nature and the physical universe, preceding the modern science known as physics.

Political Action Committees

Organizations that collect funds to donate to political campaigns or spend on behalf of political agendas.

Political Campaigns

Organized efforts to influence the decision making process within a specific group, often associated with the electoral process where candidates seek public office.

Celebrity Politicians

Individuals who leverage their fame and public recognition from careers in entertainment or other non-political fields to enter into politics.