Element Inc manufactures a new range of smartphones to take on incumbent competitors. Element grabs a huge chunk of the market share in its first year because of its feature-rich smartphones
Element's smartphones come with bigger screen sizes, greater memory capacities, and a free online music subscription for two years. The competitors fail to lure customers despite massive price reductions. Which of the following strategies is being used by Element?A) focused niche strategy
B) loss leader strategy
C) cost leadership strategy
D) product differentiation
D
Business
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Payments made by one divorced spouse to the other spouse as spousal support can be called:
A) community property payments. B) alimony payments. C) child support payments. D) equitable distribution payments.
Business
The UCC applies to contracts for services as well as to contracts for the sale of goods
Indicate whether the statement is true or false
Business