Gaining ________ Requires Delivering More Value and Satisfaction to Target

question 35

Multiple Choice

Gaining ________ requires delivering more value and satisfaction to target consumers than competitors do.

• A) competitive advantage
• B) first-mover advantage
• C) economies of scale
• D) comparative advantage
• E) differentiation

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Definitions:

Semantic Network Activation

Semantic Network Activation refers to the process by which activating one concept in memory makes related concepts more easily accessible.

Method of Loci

A mnemonic device that involves visualizing items to be remembered in specific locations within an imaginary or real physical space.

Tip-of-the-tongue Phenomenon

The frustrating experience of being unable to fully recall a word or name, while feeling that retrieval is imminent.

Retrieval-delay Syndrome

This term does not have a widely recognized definition in psychology or medicine -- NO.