Identify Which Bases of Product Differentiation Are Likely to Be

question 73

Essay

Identify which bases of product differentiation are likely to be almost always easy to duplicate,which can sometimes be costly to duplicate and which are usually costly to duplicate and discuss under what conditions a bases of differentiation is likely to be costly to imitate and can be a source of sustained competitive advantage.

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Definitions:

Forge

To create a fake version of something, such as a document or signature, with the intent to deceive.

HDCs

Stands for Holders in Due Course, referring to parties holding a negotiable instrument free from certain defenses and claims.

Drawer

In banking, the person who writes or creates a check. In the context of furniture, it is a sliding storage compartment.

Universal Defense

A defense that is valid against all holders of a negotiable instrument, including holders in due course (HDCs) and holders with the rights of HDCs. Universal defenses are also called real defenses.