Ultimately the ________ of a Product Differentiation Strategy Depends on the Ability

question 97

Multiple Choice

Ultimately the ________ of a product differentiation strategy depends on the ability of individual firms to be creative in finding new ways to differentiate their products.

• A) sustained competitive advantage
• B) rarity
• C) imitation
• D) innovation

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Definitions:

Job Enlargement

The process of increasing the range of job duties and responsibilities to make a position more challenging and comprehensive.

Employee Empowerment

The practice of giving employees autonomy, authority, and responsibility to make decisions regarding their work.

Team Effectiveness

The degree to which a team is able to achieve its goals and objectives, often influenced by factors such as communication, leadership, and group cohesion.

Employment-Stability Policy

A strategy or policy adopted by an organization aimed at providing job security for its employees and minimizing turnover.