Sustaining Profitable Growth Through a Differentiation Approach Requires That Companies

question 47

Multiple Choice

Sustaining profitable growth through a differentiation approach requires that companies:

• A) create value by having the lowest cost of operation in the industry.
• B) continuously innovate in ways that are difficult for competitors to imitate.
• C) should reduce the features of a product to offer a more basic version of it.
• D) should reduce supplier costs drastically.

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Definitions:

Gene Expression

The process by which information from a gene is used in the synthesis of a functional gene product, often a protein, which can then affect the cell's function.

DNA Change

Alterations in the genetic material of an organism that can lead to mutations and potentially alter phenotype or function.

Behavior Genetics

The study of the influence of genetic factors on behavioral traits.

Genetic Switch

A molecular mechanism that controls the turning on or off of genes, affecting how cells function and develop.