A Key Risk Associated with a Differentiation Strategy Is

question 51

Multiple Choice

A key risk associated with a differentiation strategy is:

• A) Many cost saving activities are easily duplicated
• B) The cost difference between low cost competitors & the differentiated business is too high
• C) Obsessive cost cutting can shrink other competitive advantages
• D) Cost differences often decline over time

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Definitions:

Deliberate Practice

A highly structured activity engaged in with the specific goal of improving performance.

Procedural Memories

A type of long-term memory that involves the retention of skills and procedures which are performed automatically, without conscious thought.

Semantic Memory

pertains to a portion of long-term memory that processes ideas and concepts not drawn from personal experience, including knowledge of facts and general information.

Great Lakes

A group of five large, interconnected freshwater lakes located on the border between the United States and Canada, known as Superior, Michigan, Huron, Erie, and Ontario.