Competition affects companies in all of the following ways EXCEPT ________

A) forcing them to deliver customer satisfaction
B) forcing them to improve their products
C) forcing them to aggressively promote their brands
D) forcing them to lower their prices
E) forcing them to increase their production levels


E
Explanation: E) Competition does not force companies to increase their output. Producing more products would be of no competitive advantage unless the products were of high quality and there was sufficient demand to justify increased production levels. In order to compete more effectively, companies must either improve their products or lower their prices, or both, relative to their competition. They must also promote their products aggressively to convince consumers that their product is better or cheaper than that of their competitors.

Business

You might also like to view...

Concomitant ________ occurs when the presumed cause and presumed effect are both present and both vary in a manner predicted by the researcher's hypothesis

A) variation B) probability C) reliability D) validity E) measurement

Business

Up to six generations of a family are considered as one shareholder for purposes of the 100-shareholder limit.

Answer the following statement true (T) or false (F)

Business

The terms subculture and subgroup may be used interchangeably

Indicate whether the statement is true or false.

Business

Writing for social media ________

A) does not require close proofreading because it is informal B) requires ?you to consider only external audiences C) shines a close light on your writing skills and can affect your career D) is completely different from writing traditional business documents

Business