Which of the Following Strategies Provides an Example of the Most

question 49

Multiple Choice

Which of the following strategies provides an example of the most current era that today's businesses are embracing?

• A) At Hefler International,a smart phone manufacturer,the production line is a 24-hour operation,even if demand is tepid.
• B) Slick Willy Car Sales always has a large stock of pre-owned cars at great prices.You can almost always get a car for about 30-40% cheaper than at another car sales company,but you buy it "as is," without any warranties.
• C) Backstreet Books,Ltd. ,is known for stocking the top ten books on the monthly best sellers list.These books are almost always available at a reasonable cost to the bookstore,and they usually fly off the shelves.Backstreet Books sees this as a win-win situation for themselves and their customers.
• D) Adventure Hotels is all about the experience.Their goal is to make certain that every guest leaves their properties with a better feeling than when they first arriveD.
• The CEO of Adventure says,"We want you to think of our brand first when you make a hotel reservation."

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Definitions:

Immediate Market Period

A very short time frame in economics during which the supply of a good is fixed, meaning that the quantity of the good cannot change in response to a change in price.

Time Horizon

The length of time over which an investment, project, or policy is intended or expected to operate or have an impact.

Demand Curve

A demand curve is a graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers over a certain period.

Law of Supply

An economic principle stating that as the price of a good or service increases, the quantity supplied of that good or service also increases, all else being equal.