A Firm Can Best Increase Its Product-Based Legitimacy By

question 78

Multiple Choice

A firm can best increase its product-based legitimacy by:

• A) using voice mail or answering machine to provide customer service.
• B) avoiding a physical location to conduct the business.
• C) selling the product under its generic name instead of a brand name.
• D) placing interviews,articles,or columns in media about the product.

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Definitions:

Pricing Policy

A strategic approach adopted by a company to set the cost of its products or services, often considering factors like market demand, production costs, and competition.

Linear Programming

A mathematical technique used for optimizing operations, focusing on achieving the best outcome in a model with linear relationships.

Constraint Lines

Limitations or bottlenecks within a production process that restrict the flow of production or services.

Objective Function

A mathematical equation used in optimization to represent the goal of an operation, often aiming to maximize or minimize some aspect of the system.