In hypercompetitive economy, a company can win only by tuning the ____________?
Correct answer: D. all of the above
- A. providing superior value
- B. communicating value
- C. managing the superior value
- D. all of the above
Explanation
In a hypercompetitive market, firms must create or provide superior value, manage its delivery, and communicate it effectively to customers. Since all three activities are required, “all of the above” is the best choice.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Marketing
Marketing covers how organisations identify customer needs, create value and exchange products or services through suitable markets. Key concepts include market segmentation, targeting, positioning, consumer behaviour, the marketing mix of product, price, place and promotion, branding, product life cycle and differences between marketing and selling.
Practise Marketing
1,700 free Marketing MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Marketing questions
The analysis of opportunities and threats include ___________?
The process of defining the business, shaping its scope and repositioning the brand entity is the part of ___________?
When a company agrees to promote product of other company it is classified as _________?
An instrument for directing and coordinating the whole market effort is called as __________?
The activities in researching and developing with high quality is the part of _________?
When good opportunities exist outside the present business, this is called ___________?