What Are Two Broad Choices When It Comes to a New

question 21

Multiple Choice

What are two broad choices when it comes to a new venture's competitive advantage?

• A) Low price or high price
• B) Customer service or high price
• C) Cost advantage or non-cost-differentiation advantage
• D) Trade secrets or cost advantage

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Definitions:

World Trade Organization

An international organization designed to supervise and liberalize international trade, dealing with the rules of trade between nations.

Social Control

Mechanisms, strategies, and institutions societies utilize to regulate individual behavior, enforcing conformity and compliance to societal norms.

Frame Alignment Problems

Challenges faced in social movements when attempting to harmonize individual and group interests, values, or views with the overarching objectives or ideologies of the movement.

Pulp Mill Pollution

Environmental contamination resulting from the by-products and wastes of pulp mills, which can harm air quality, water bodies, and ecosystems.