Which of the Following Examples Illustrates a Firm That Has

question 146

Multiple Choice

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

• A) a firm that uses patented technology to deliver goods and services to customers on time
• B) a firm's ability to adjust and adapt to different demographic segments and satisfy their needs
• C) a firm that invests only a small amount on promotion and maximizes profits by charging low prices
• D) a firm's technology that creates high quality products and services
• E) a firm that specializes in developing timely new products

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Definitions:

Mobile Technology

The array of handheld devices and accompanying software and applications that facilitate remote communication and computing.

HR Professionals

Individuals responsible for managing human resource functions, including recruitment, policy formulation, employee relations, and training.

Self-Service

A business model or system design that allows customers to perform services themselves without the assistance of direct service employees.

Web Browser

A software application used to access and navigate websites on the internet.