Which of the Following Types of Differentiation Is Used to Gain

question 55

Multiple Choice

Which of the following types of differentiation is used to gain competitive advantage through the way a firm designs its distribution coverage, expertise, and performance?

• A) services differentiation
• B) channel differentiation
• C) people differentiation
• D) product differentiation
• E) price differentiation

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Definitions:

International Treaty

A formal agreement between two or more countries that is recognized and governed by international law.

International Monetary Fund

A global organization created to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Devaluation

The official lowering of the value of a country's currency within a fixed exchange rate system, usually to encourage exports.

Nation's Currency

The official money used in a particular country, representing a medium of exchange for goods and services within its economy.