Which of the following is true of a differentiation strategy?
A. It is used by businesses that pursue a very low cost operation.
B. It requires a firm to offer a combination of cost benefits that appeals to the customers.
C. It is generally pursued by all small businesses.
D. It is aimed at mass markets.
Answer: D
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Which of the following is a primary function of the product development and commercialization process?
a. It seeks to align supply and demand throughout the supply chain by anticipating customer requirements at each level. b. It deals with ensuring that firms in the supply chain have the required resources to manufacture with flexibility. c. It deals with situations in which customers choose to return a product to the retailer or supplier, thereby creating a reverse flow of goods within the supply chain. d. It includes the group of activities that facilitates the joint development and marketing of new offerings among a group of supply chain partner firms.
Allen enters into a contract with Joe to sell his car. However by mistake, he undervalues his car. Though the actual value of the car is $6000, he sells it to Joe for $3000. During the purchase, Joe is aware of the actual value but does not communicate this fact to Allen. Which of the following is likely to be true in such a scenario?
A) Allen is entitled to compensation through a court of law. B) Allen is entitled to cancel the contract because he was not aware of the actual value. C) Joe is entitled to keep the car because the contract is valid. D) Joe must pay the difference to Allen in order to validate the purchase.
A case in which the constitutionality of the USA Patriot Act is challenged would be brought in state court
Indicate whether the statement is true or false
__________ allows users in two or more locations to interact simultaneously via
two-way video and audio transmission. A. Web conferencing B. Unified messaging C. Videoconferencing D. Audio conferencing