When a firm attempting to create unique products or services for particular market niches, in order to achieve relatively high profit margins, this is best known as

a. A quality strategy
b. A low-cost leadership strategy
c. A vertical integration strategy
d. A product differentiation strategy


D

Business

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recognizes the adoption and change of human behaviors as a complex process with many parts.

a. Intrinsic motivation theory b. Social cognitive theory c. Social impact theory d. Social role theory

Business

How is legal precedent used between courts of different states?

A) Courts of a state cannot cite the judicial decisions of courts of another state in its decisions. B) Courts of a state must follow precedent from courts of another state for similar cases. C) Courts of a state can use precedent from courts of another state as a form of guidance. D) Courts of a state cannot challenge the precedence of courts of another state.

Business

During a recession, a high-end beverage producer facing strong competition in a saturated market has decided to phase out all its flagship products and introduce a new line of second-label beverages at lower price points in reaction to its falling market share. Would this type of a reactive strategy revive its position? Why or why not?

What will be an ideal response?

Business

The difference between a manager with ten years' experience and one with a year's experience ten times is:

A) Dependent on the manager's tenure with the company. B) Nine years. C) Whether lessons-learned were truly learned. D) Dependent on whether the manager's projects were successful.

Business