A Differentiation-Based Strategy Usually Does Not Lead to a Competitive

question 97

True/False

A differentiation-based strategy usually does not lead to a competitive advantage in business.

Describe the properties, functions, and examples of fixed action patterns and other instinctive responses.

Explain the role of environmental stimuli and key stimuli in triggering instinctive behaviors.

Recognize the contributions of early theorists to the understanding of instincts and their criticisms.

Distinguish between innate and learned behaviors and the factors that influence each.

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Definitions:

Residual Income

Another term for economic value added (EVA).

Opportunity Costs

The cost of foregone alternatives when a decision is made, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Economic Value Added

A measure of a company’s financial performance that calculates the value created beyond the required return of the company’s shareholders.

Dollar Value

Dollar Value is the monetary worth or market value of something expressed in terms of US dollars.