With a Differentiation Strategy, Managers May Try to Gain a Competitive

question 60

Multiple Choice

With a differentiation strategy, managers may try to gain a competitive advantage by distinguishing their products or services from competitors on which of the following dimensions?

• A)Customer support
• B)Product design
• C)Customer service
• D)Product quality
• E)All of these choices are correct

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Definitions:

Financial Advantage

A benefit gained in financial terms, often seen as the edge that one company or entity has over its competitors in terms of cost, efficiency, or profitability.

Special Discounted Price

A reduced pricing offer made available to customers, often as a promotional or loyalty incentive.

Milling Machines

A type of machine tool used in the machining process, capable of performing cutting operations by moving a rotating cutter into the workpiece.

Profitable Use

The deployment of resources in a way that maximizes financial gain or return on investment.