A Product/service Differentiation Competitive Advantage Refers to Defining a Business

question 116

True/False

A product/service differentiation competitive advantage refers to defining a business in terms of goods and services rather than in terms of the benefits customers seek.

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Definitions:

Consensual Validation

The process of seeking confirmation from others that one's own perceptions and beliefs are correct.

Group Decision Making

The process where a group of individuals come together to make a decision, often involving discussions, debates, and consensus-building among members.

Semiautonomous Teams

Groups of workers who are given the freedom to manage their own processes and tasks within a project, though under some level of supervision.

Self-Managed Work Teams

Groups of employees who collectively manage their tasks, responsibilities, and decision-making processes without traditional managerial supervision.