In Which of the Following Circumstances Is a Strategy to Be

question 3

Multiple Choice

In which of the following circumstances is a strategy to be the industry's overall low-cost provider not particularly well matched to the market situation?

• A) When the offerings of rival firms are essentially identical,standardized,commodity-like products
• B) When there are few ways to achieve differentiation that have value to buyers
• C) When price competition is especially vigorous
• D) When buyers have widely varying needs and special requirements and when the cost of switching purchases from one seller to another are relatively high
• E) When industry newcomers use introductory prices to build a customer base

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Definitions:

Imputed Interest Rules

Regulations set by the IRS to assign a reasonable interest rate to financial transactions that do not state their own interest or whose interest is deemed insufficient.

Sale of Property

The act of transferring ownership of real estate or personal property from one entity to another, often resulting in capital gains or losses for tax purposes.

Personal Residence

A dwelling in which an individual lives for a significant part of the year, considered as their main place of residence.

Working Condition Fringes

These are non-taxable benefits provided by an employer for the benefit of the employee, related directly to the nature of the job.