A Product Is Differentiated from Its Rivals When

question 67

Multiple Choice

A product is differentiated from its rivals when:

• A)It provides something valuable and unique to customers
• B)It provides goods or services at a lower price
• C)It provides high quality
• D)None of the above

---

Definitions:

Employee Involvement Programs

Refers to organizational strategies designed to engage workers more directly in decision-making processes and operations, aiming to improve job satisfaction and overall company performance.

Co-Opting Strategy

A method used by companies or governments to absorb or assimilate new elements into the organization's structure to minimize opposition or dissent.

Competitive Pressures

The forces that compel businesses to continuously improve their products, services, and operational efficiency in order to remain viable in the market.

Saturn Experiment

Was a cooperative venture between General Motors and the United Auto Workers union, established in the 1980s to create a more competitive American small car and pioneer new approaches to labor management.