Identify Which Bases of Product Differentiation Are Likely to Be

question 44

Essay

Identify which bases of product differentiation are likely to be almost always easy to duplicate, which can sometimes be costly to duplicate and which are usually costly to duplicate and discuss under what conditions a base of differentiation is likely to be costly to imitate and can be a source of sustained competitive advantage.

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Definitions:

Highest Performance Levels

The peak or optimum standards of output or efficiency that an individual or group can achieve.

Stress

A state of tension caused by extraordinary demands, constraints, or opportunities.

Tension

A state of mental or emotional strain, often resulting from challenging or demanding situations.

Personal Economics

The study of how individuals manage their resources, including money, time, and skills, to meet personal and family needs and goals.