An Organization Consistently Invests Above the Industry Average in Research

question 42

Multiple Choice

An organization consistently invests above the industry average in research and development. As a result, it is able to offer exclusive product features although product pricing is higher to account for the additional investment. This organization is using a ________ strategy.

• A)differentiation
• B)low-cost
• C)diversification
• D)SWOT
• E)high-cost

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Definitions:

Unemployment

The state of being without a paid job despite actively seeking employment.

Poverty

A socio-economic condition marked by a severe lack of financial resources or means necessary to meet basic living needs.

Social Factors

Elements within society that influence how individuals and communities experience life, including education, culture, and economic conditions.

Sexual Harassment

Unsolicited sexual propositions, solicitation for sexual privileges, and any form of verbal or physical sexual harassment.