Product Differentiation

question 37

Multiple Choice

Product differentiation

• A) may allow firms to price above a competitive level.
• B) generates value as consumers value more choices.
• C) depends on perceived differences between products.
• D) All of the above.

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Definitions:

Corporate Social Responsibility

Business practices that involve initiatives that benefit society and contribute positively to the community and environment.

Controversial Industries

Sectors of the economy that generate public debate or disagreement, often due to ethical, environmental, or health concerns.

Triple Bottom Line

An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public—by practicing sustainable and ethical operations.