List and Explain the Different Ways Firms Can Differentiate Their

question 47

Essay

List and explain the different ways firms can differentiate their product.

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Definitions:

Task Performance

The execution and completion of job-related activities, often measured against expected outcomes or standards.

Negative Inequities

Negative inequities occur when individuals perceive that their input-to-output ratio is less favorable compared to others, potentially leading to feelings of unfairness and dissatisfaction.

Equity Comparisons

An assessment or evaluation based on the fairness of compensation, recognition, or workload distribution among peers or within organizations.

Restore Equity

The process of adjusting the balance of fairness within an organization or relationship, often in response to perceived inequities.