Which of the Following Examples Illustrates a Firm That Has

question 35

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:

Primary Funding

The initial capital provided to start a business or venture, often used for early-stage development and operations.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them a stake in the company's assets and profits.

Primary Management

The core activities and responsibilities of managers that are fundamental to the successful operation of an organization.