Which of the Following Is an Example of Competing on the Basis

question 107

Multiple Choice

Which of the following is an example of competing on the basis of differentiation?

• A)A firm manufactures its product with less raw material waste than its competitors do.
• B)A firm's products are introduced into the market faster than its competitors' products are.
• C)A firm's distribution network routinely delivers its product on time.
• D)A firm offers more reliable products than its competitors do.
• E)A firm advertises more than its competitors do.

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Definitions:

Past Income

The amount of money an individual or entity earned in preceding periods, often used for comparative analysis or financial assessment.

Inheritance

Inheritance involves the passing of assets, properties, and debts from the deceased to their heirs or beneficiaries.

Command Economy

An economic system where the government controls all major aspects of production, investment, and distribution.

Laissez-Faire

An economic theory from the 18th century that is strongly against the government interfering in the marketplace.