Which of the Following Illustrates a Firm That Has Achieved

question 30

Multiple Choice

Which of the following illustrates a firm that has achieved competitive advantage through flexibility?

• A) a firm that creates customized products based on each of its customer's preferences
• B) a firm that produces goods by maintaining high quality standards
• C) a firm that ensures speedy delivery of goods compared to its competitors
• D) a firm that develops products with unique features that are not made available by any of its competitors
• E) a firm that develops timely new products

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Definitions:

Ethical Dilemmas

Situations in which a choice must be made between two options, neither of which resolves the situation in an ethically acceptable manner.

Replication

The process of repeating a study to verify research findings.

Principles Of Persuasion

Fundamental strategies identified by psychology to influence people's attitudes, beliefs, or behaviors, including reciprocation, consistency, social proof, liking, authority, and scarcity.

Television Commercial

A form of advertising broadcast on television, using short and engaging visuals and narratives to promote products, services, or messages.