If Key Aspects of a Firm's Successfully Differentiated Product Are

question 29

Multiple Choice

If key aspects of a firm's successfully differentiated product are copied by 2 or 3 rivals' products, but not the whole industry:

• A)We can say this differentiation seems to have been accepted by some customers
• B)We can say this differentiated product was an unproven experiment until it was imitated
• C)We can say a new market segment has been opened
• D)A and C are true

---

Definitions:

Long-term Storage

The aspect of memory where information is kept for extended periods, potentially for a lifetime.

Neurons Change

The process by which neurons alter their structure, function, or connections, often in response to learning or experience.

Filter Theory

A perspective in social psychology suggesting that social and cognitive processes filter the stimuli we pay attention to, impacting our perception and interactions.

Personally Irrelevant Information

Information that does not have a direct impact or relevance to one's own life or current situation.