A Better Product That Is Worth a Premium Price or a Good

question 65

True/False

A better product that is worth a premium price or a good product at a lower price can both be a source of competitive advantage.

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Definitions:

Desired Ends

The ultimate goals or outcomes that an individual, group, or organization aims to achieve.

Attaining High Performance

A process or outcome of enhancing the efficiency, productivity, and effectiveness of an individual, team, or organization to achieve superior results.

Ethical Standards

Guidelines that dictate the conduct that is considered acceptable and proper within a professional or personal context, often based on moral principles.

Social Responsibility

Social responsibility refers to the obligation of individuals, organizations, and businesses to act for the benefit of society at large.