Amazon Is an Example of a Company That Used the Differentiation

question 78

Multiple Choice

Amazon is an example of a company that used the differentiation strategy to enter the market.The differentiation features included

• A) minimal customer service.
• B) traditional back office logistics.
• C) exceptional customer service.
• D) traditional delivery logistics.

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Definitions:

Aggregate Demand

The sum total of desires for products and services within an economic entity, marked at a specific price level through a chosen timeframe.

Expansionary Gap

Occurs when an economy's actual output is higher than the potential output, often leading to higher inflation.

Active Approach

A management strategy where decisions are made using discretionary methods to try to outperform the market or a specific benchmark.

Potential GDP

Potential GDP is the maximum possible output an economy can produce with full employment of its resources, without causing inflation.