Product Differentiation Is the Process of Creating a Competitive Advantage

question 72

True/False

Product differentiation is the process of creating a competitive advantage by designing goods or services to satisfy customer needs.

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Definitions:

Modifications

Alterations or changes made to objects, organisms, or systems, often aimed at improving function or performance.

Complex Adaptions

Traits that have evolved through the specific and intricate interplay of multiple genetic and environmental factors to solve specific problems of survival or reproduction.

Sex Pili

Hair-like appendages on the surface of bacteria used to transfer genetic material between cells during conjugation.

Exogenous DNA

DNA that originates outside an organism and can be introduced through viruses, horizontal gene transfer, or genetic engineering.