The Differentiation Strategy Can Be Effective in Controlling the Power

question 61

Multiple Choice

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

• A) customers will seek out the lowest cost product.
• B) customers have no loyalty.
• C) customers are loyal to brands that are differentiated in meaningful ways.
• D) the differentiation strategy benefits from rivalry.

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Definitions:

Wage-Incentive Plans

Compensation strategies designed to motivate employees by linking a portion of their pay directly to their performance, productivity, or efficiency.

Standard Time

The established duration within which a task or operation should be completed, often used in productivity measurement and workforce planning.

Worker Performance Ratings

Evaluations that measure the effectiveness and efficiency of an employee's work output and quality.

Worker Fatigue

Physical or mental exhaustion experienced by workers, which can reduce efficiency, productivity, and safety in the workplace.