Identify the INCORRECT Statement About Approaches to Market-Oriented Strategy Planning

question 88

Multiple Choice

Identify the INCORRECT statement about approaches to market-oriented strategy planning.

• A) It's usually safer to be a combiner.
• B) Cost considerations encourage aggregating.
• C) Demand considerations encourage less aggregating.
• D) The approach a firm uses depends in part on the firm's resources.
• E) Generally, it is better to try and satisfy some customers very well instead of many just fairly well.

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Definitions:

Industry Supply

The total quantity of a product or service that is available for purchase in a specific industry at a given price and time.

Transport Cost

Expenses associated with the movement of goods or people from one location to another.

Land Rent

Payment made for the use of land, typically in agriculture, business, or as part of real estate transactions.

Marginal Costs

The added expense resulting from making one more unit of a product or service.