A Differentiation Strategy Can Be Effective in Controlling the Power

question 58

Multiple Choice

A differentiation strategy can be effective in controlling the power of substitutes in an industry because:

• A) customers have low switching costs.
• B) substitute products are lower quality.
• C) a differentiating firm can always lower prices.
• D) customers develop brand loyalty.

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Definitions:

Employee Self-Assessment

A process whereby employees rate their own job performance and behavior.

Lines Of Advancement

describe clear career progression paths within an organization, outlining potential promotional routes and opportunities for employee growth.

Job Paths

The career progression or sequence of jobs that an individual might follow in their professional life.

Assessment Centre

A technique used in the employee selection process involving a series of exercises designed to simulate job tasks and assess candidates' abilities.