Functional Strategies to Improve Differentiation Should Include

question 48

Multiple Choice

Functional strategies to improve differentiation should include: 

• A) product offerings designed to be can be produced and delivered at as low a cost as possible
• B) standardization of the product offering and marketing mix to different market segments.
• C) hiring and employee development strategies designed to ensure that employees act in a manner that is consistent with the image that the company is trying to project to the world.
• D) initiation of a price war in order to grow volume and drive its weaker rivals out of the industry.
• E) products that have lower prices to allow a company to erect an economic moat around its business that keeps higher-cost rivals out.

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Definitions:

ROPES

An acronym standing for Review, Objectives, Procedures, Evaluation, and Summary, often used in training and education to structure learning experiences.

Newcomers' Retention

The ability of an organization to keep its newly hired employees over time.

Socialization Method

Socialization method refers to the techniques and processes used to integrate individuals into a new social or organizational environment, helping them to understand and adopt the prevailing norms, values, and behaviors.

Employee Orientation

The process by which new hires are introduced and acclimated to the policies, practices, and culture of an organization.