The Second Step in Developing a Competitive Advantage Is to Turn

question 90

Multiple Choice

The second step in developing a competitive advantage is to turn a distinctive competency into a ________ that is important to customers.

• A) target market
• B) service
• C) marketing mix
• D) market position
• E) differential benefit

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Definitions:

Parachuting Cats

An unconventional method used historically in some regions to control rodent populations by air-dropping cats into areas of rodent infestation.

Intrinsic Rate

Often related to growth, it is the maximum rate of increase of a population under ideal conditions.

Unlimited Resources

A hypothetical concept where resources, such as energy, materials, and food, are abundant and never depleted, contrary to the finite nature of Earth's resources.

Highly Developed Countries

Nations with advanced technological infrastructure, high standard of living, and strong economic growth.