Which of the Following Might Increase the Competitive Advantage for a High-Prestige,premium

question 44

Multiple Choice

Which of the following might increase the competitive advantage for a high-prestige,premium coffee franchise like Starbucks?

• A)increasing brand identify
• B)raising prices
• C)presence of substitutes
• D)low switching costs

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Definitions:

Probability Distribution

A mathematical description of a random phenomenon in terms of the probabilities of its outcomes.

Bivariate Distribution

A statistical distribution describing two variables and the probabilistic relationships between them.

Independent

Two variables are independent if the occurrence or change in one variable does not affect the occurrence or change in the second variable.

Probability Distribution

A function in mathematics that determines the probability of each possible outcome in an experimental scenario.