One Product Strategy Used by Retailers to Differentiate Themselves from Competitors

question 42

Multiple Choice

One product strategy used by retailers to differentiate themselves from competitors is

• A)the use of private-label brands.
• B)discount pricing.
• C)removing brand labels from their merchandise offerings.
• D)JIT product delivery.
• E)offering brand-name merchandise.

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Definitions:

Superiority Complex

A psychological defense mechanism in which a person’s feelings of superiority over others mask their own feelings of inadequacy or inferiority.

Exaggerated Opinion

A belief or judgment that is significantly overstated or represented more strongly than is justified by the facts.

Abilities

The various cognitive, physical, or emotional capacities that individuals possess, which enable them to perform different tasks and activities.

Isolation

The state of being separated from others, either physically or emotionally, which can lead to feelings of loneliness.