The Differentiation Strategy Can Be Effective in Controlling the Power

question 123

Multiple Choice

The differentiation strategy can be effective in controlling the power of rivalry with existing competitors in an industry because:

• A) customers will seek out the lowest-cost product.
• B) customers of nondifferentiated products are sensitive to price increases.
• C) customers are loyal to brands that are differentiated in meaningful ways.
• D) the differentiation strategy benefits from rivalry because it forces the firm to innovate.

Acknowledge cultural differences and their impact on communication.

Emphasize the importance of clear, active voice and audience-oriented writing in business messages.

Understand the criteria for endorsement by political action committees and their impact on elections.

Comprehend the strategic purposes and effects of campaign promises.

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Definitions:

Workforce

The group of individuals who are currently employed or are available for employment, including both full-time and part-time workers.

Capacity Decision

Choices made by a company regarding the amount of resources it will commit to meet demand for its products or services.

Organization's Strategy

The comprehensive plan created by a business or organization to achieve its long-term goals and successfully operate in the competitive environment.

Effective Capacity

The maximum output level a facility can reasonably sustain under normal operating conditions.