The Strategy to Create Better Customer Value for the Same

question 25

Multiple Choice

The strategy to create better customer value for the same or lower cost than competitors or creating equivalent value for lower cost than offered by competitors is called:

• A)Strategic decision making
• B)Competitive advantage
• C)Strategic cost management
• D)Total product

Analyze the effects of media conglomerates on cultural and media diversity.

Describe the relationship between media consumption, leisure time, and spectatorship trends.

Identify and explain major media legislation and its impact on media diversity and control.

Explain the concept of net neutrality and its significance in the digital age.

---

Definitions:

Industrial Vanguard

is a term denoting the leading industrial entities or countries that drive technological innovation and economic development within the industrial sector.

Bank Holiday

A day on which banks are officially closed, observed as a public holiday.

Coolidge and Hoover

Refers to Calvin Coolidge and Herbert Hoover, two U.S. Presidents known for their policies during the 1920s and the onset of the Great Depression, respectively.

Dust Bowl

A period of severe dust storms that greatly damaged the ecology and agriculture of the US and Canadian prairies during the 1930s, causing widespread economic hardship among farmers.