Which of the Following Is Regarding How a Differentiation Strategy

question 12

Multiple Choice

Which of the following is regarding how a differentiation strategy can help a firm to improve its competitive position vis-à-vis Porter's five forces?

• A) By increasing a firm's margins, it avoids the need for a low-cost position
• B) It helps a firm to deal with supplier power and reduces buyer power since buyers lack comparable alternatives
• C) Supplier power is increased because suppliers will be able to charge higher prices for their inputs
• D) Firms will enjoy high customer loyalty, thus experiencing less threat from substitutes than its competitors

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Definitions:

Malignant Cyst

A growth that can potentially spread to other parts of the body and is characterized by cancerous cells.

Independent Events

Two or more events where the occurrence of one does not affect the probability of the occurrence of the other(s).

Diagnostic Test

A test used to identify a disease or condition in individuals, often based on specific markers, symptoms, or indicators.

Malignant Cyst

A malignant cyst refers to a growth that contains cancerous cells and can potentially spread to other parts of the body.