Product Differentiation Can Be of Value to a Firm Because

question 2

Multiple Choice

Product differentiation can be of value to a firm because

• A)no other firm will be able to meet the same basic consumer need.
• B)the product will always be patented.
• C)some consumers with certain tastes will likely buy the product.
• D)money is often spent to develop a differentiated product.
• E)product differentiation lowers product prices for consumers.

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Definitions:

Job Performance

Measures how well an employee executes their tasks and duties relative to the job's requirements.

Oregon Vocational Interest Scales

A psychometric instrument used to assess individuals' career and vocational interests to guide them in their career planning.

Holland Scale Dimension

Refers to one of six personality types—Realistic, Investigative, Artistic, Social, Enterprising, and Conventional—proposed by John Holland in his theory of career and vocational choice.

Adventure Career Type

A career path characterized by a high level of dynamism, risk-taking, and the seeking of new experiences and challenges.