The Business Strategy of Differentiation Involves Making a Product or Service

question 25

True/False

The business strategy of differentiation involves making a product or service unique by offering it at an unusually low price.

---

Definitions:

Direct Effects

Immediate impacts or outcomes that directly result from a specific cause or action without intermediate steps.

Indirect Effects

Outcomes that are not directly caused by an action but occur as a secondary or subsequent result of it.

Goals Motivate

The concept that setting and striving for objectives can drive individuals or teams to improve their performance and achieve success.

Goal-Setting Theory

A psychological theory that suggests setting specific and challenging goals enhances motivation and performance.