Multiple Choice
Mekcin is a company that regularly launches products with features that are different from what are offered in the market. It has now launched a new electronic device which can be fitted to vehicles. It can be programmed to automatically dial the police emergency number, provide them with all the required location details, and guide them to the location, in the case of an emergency. Which of the following statements would hold true for Mekcin?
A) It competes with rivals on the basis of price.
B) It offers generic and standardized products.
C) It does not invest in the field of market research.
D) It spends little on research and development.
E) It invests heavily in advertising and brand building.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Using Circuit City as an example, describe
Q24: A sneaker manufacturing company targets teenagers. It
Q25: The need for efficiency means that cost
Q26: A(n) _ is a general way of
Q27: Mike opens a new gym in his
Q29: The presence of a cost leader in
Q30: What are the advantages of a focus
Q31: A real estate company provides housing services
Q32: Effective differentiation creates an ability to obtain
Q33: Which of the following is a disadvantage