Which of the Following Statements Best Define a Product Differentiation

question 143

Multiple Choice

Which of the following statements best define a product differentiation strategy?

• A) It describes how an organization can increase customer base by differentiating its' product prices from its competitors.
• B) It is an organization's ability to achieve lower costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control.
• C) It describes how an organization can decrease product prices by differentiating its' raw materials from its competitors.
• D) It is an organization's ability to offer products or services its customers perceive to be superior and unique relative to the products or services of its competitors.

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Definitions:

Primacy

The state of being first or foremost in importance or order, often affecting memory and perception.

Anterograde Amnesia

A condition where an individual cannot form new memories after the event that caused the amnesia, although memories from before the event remain intact.

Explicit Memories

Memories that can be consciously recalled, such as facts and events.

Implicit Memories

Memories that influence our behaviors and knowledge without conscious awareness, typically acquired through repetition and practice.