Differentiation Refers To

question 38

Multiple Choice

Differentiation refers to:

• A)all the activities from the gathering of raw materials to the sale of the finished product that a business goes through to make a product.
• B)creating products or providing services at the lowest cost possible relative to its competitors while maintaining a quality that is acceptable to consumers.
• C)creating unique value for the customer through advanced technology, high-quality ingredients or components, product features, and superior delivery time.
• D)the number of similar businesses or business activities at the same level of the value chain.
• E)the cost advantages that a business obtains through expanding in size.

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Definitions:

Customer Mentioned

When a customer is referenced or talked about, particularly in the context of feedback, reviews, or marketing analysis.

Shipping Costs

The expenses involved in moving goods from one location to another, often a significant factor in the total price of online purchases.

Urgency Close

A sales technique where the seller creates a sense of urgency to motivate the client to make a purchase decision quickly.

Ironware Accessories

Decorative or functional items made of iron, often used in homes or gardens for aesthetic appeal or utility.