A Differentiation-Based Strategy Requires That a Firm

question 39

Multiple Choice

A differentiation-based strategy requires that a firm

• A)be the lowest-cost provider in an industry.
• B)emphasize the uniqueness of its product or services.
• C)achieve the highest resource efficiency in an industry.
• D)be the lowest-priced competitor in an industry.

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Definitions:

Social Cognitive Theory

A school of psychology in the behaviorist tradition that includes cognitive factors in the explanation and prediction of behavior; formerly termed social learning theory.

Behaviorists

A group of psychologists who focus on observable behaviors rather than mental processes and believe that behaviors are learned from the environment.

Personal Freedom

The power or right of an individual to act, speak, or think as one wants without hindrance or restraint, within the boundaries of the law or societal norms.

Self-Direction

Refers to the ability or quality of an individual to guide, control, and evaluate their own behavior and decisions.