Which of the Following Is Not a Factor That Makes

question 9

Multiple Choice

Which of the following is not a factor that makes it more difficult for new ventures to be successful as differentiators?

• A) The strategy is thought to be expensive to put into action.
• B) Establishing a brand, important to a differentiation strategy, is thought to be expensive.
• C) Superior innovation is often very costly.
• D) Customer service is often costly, but it does not affect a differentiation strategy.

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Definitions:

Binomial Distribution

A probability distribution that represents the number of successes in a fixed number of trials, each with the same probability of success.

Alpha

In statistics, it denotes the significance level used in hypothesis testing, typically set to 0.05 or 5%, representing the probability of rejecting the null hypothesis when it is actually true.

Likelihood

The probability of a particular outcome given a set of parameters within a statistical model.

Binomial Variable

A type of discrete variable that can take one of two independent values, often representing success or failure in an experiment.