The Principle of Minimum Differentiation Describes a Tendency of Competitors

question 108

Multiple Choice

The principle of minimum differentiation describes a tendency of competitors to

• A) lower price.
• B) offer similar products or policies.
• C) decrease the quantity of goods available.
• D) offer public goods for sale.
• E) free ride.

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Definitions:

Push Messaging

A type of communication where messages are initiated by the server and sent to the user's device, often to promote products or offer updates.

Web 2.0

A term describing the second generation of the World Wide Web, characterized by the increase of user-generated content, usability, and interoperability for end users.

Internet of Things

A network of physical objects embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the Internet.

Pinterest

A visual discovery and bookmarking platform where users can save and share images and videos related to their interests and hobbies.