Streamtech, a Manufacturer of Automobiles, Recently Received a Patent for an Unmanned

question 86

Multiple Choice

Streamtech, a manufacturer of automobiles, recently received a patent for an unmanned search boat. By doing this, Streamtech has ________.

• A) created an entry barrier
• B) introduced product differentiation
• C) locked in its suppliers
• D) reduced the cost of operations
• E) established an alliance

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Definitions:

Feature-Advantage-Benefit Approach

A sales strategy that involves highlighting a product's features, explaining their advantages, and demonstrating how they provide benefits to the customer.

SPIN Acronym

Stands for Situation, Problem, Implication, Need-payoff, and is a sales technique used to identify and provide solutions to customer problems.

Being Rejected

The experience of not being accepted or approved by others, often resulting in feelings of disappointment or inadequacy.

Customer Relationship Management

A system for managing a company's interactions with current and potential customers, often using data analysis to study large amounts of information.