All of the Following Are Product Implementations in Porter's Principles

question 16

Multiple Choice

All of the following are product implementations in Porter's Principles of Competitive Advantage EXCEPT ________.

• A) create a new product or service
• B) enhance products or services
• C) differentiate products or services
• D) lock in customers and buyers

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Definitions:

Exchange

A marketplace or platform where goods, services, or financial instruments are traded between parties.

Negotiable Instrument

A signed document that promises a specified sum of money to a specific person or entity and is transferable to others.

Substitute

A person or thing acting or serving in place of another, often used in employment or ingredient contexts.

Credit Device

A mechanism or tool, such as a credit card or loan, that extends credit to borrowers for purchases or cash advances.