Competitive Differentiation

question 24

Multiple Choice

Competitive differentiation:

• A) allows a firm to eliminate competition.
• B) encourages price-fixing.
• C) is the unique combination of abilities and approaches that sets a company apart.
• D) creates higher costs.

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Definitions:

Informal Unions

Relationships where couples live together and consider themselves married without a formal legal ceremony.

Cohabitation

The condition of cohabitating and engaging in a sexual partnership without the legal bonds of matrimony.

Triangular Theory

Refers to Sternberg's Triangular Theory of Love, emphasizing that love consists of three components: intimacy, passion, and commitment, each forming a vertex of a triangle.

Motivational Component

Elements or factors that energize, direct, and sustain behavior towards achieving a specific goal or fulfilling a need.