A Differentiation-Based Strategy Requires That a Business

question 97

Multiple Choice

A differentiation-based strategy requires that a business:

• A)be the lowest-cost provider in an industry.
• B)emphasise the uniqueness of its product or services.
• C)achieve the highest resource efficiency in an industry.
• D)be the lowest-priced competitor in an industry.

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Definitions:

Fundamental Attribution Error

is a cognitive bias where an individual underestimates situational factors and overestimates personal characteristics when explaining others' behaviors.

Internal Factors

Elements within an organization or individual that affect performance, decisions, and outcomes.

Role Conflicts

Situations where there are contradictory expectations or demands associated with a single role or between multiple roles held by an individual.

Role Ambiguities

Uncertainty faced by individuals when the expectations and responsibilities of their role are not clearly defined.