How can a company find its way out of a market characterized by pure competition?
A. increase prices and attract different, quality-oriented customers
B. increase the amount of available product to flood the market
C. decrease the amount of available product until the market reacts
D. consistently offer the lowest price until other competitors leave the market
E. differentiate the product in some way, even by packaging, so customers will see it as distinct
Answer: E
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a. Employees with access to company assets b. Top management c. Customers d. Vendors
Happy customers are more likely to tell their friends about their pleasant customer experiences than unhappy customers are to tell their friends about their unpleasant customer experiences
Indicate whether the statement is true or false
In negotiations with Diamond Refining Company, Coastal Oil, Inc., insists that their contract be drafted according to certain plain language laws. These laws concern the phrasing of
A. contracts that include unfamiliar legal terms. B. ads that contain vague guaranties. C. instruction manuals that are difficult to follow. D. epithets that are too colorful.
Bluetooth is the technology behind ____ area networks that allows personal digital devices, like cell phones and headsets, to communicate wirelessly at short distances.
A. personal B. business C. local D. regional