Which of the Following Is True of a Differentiation Strategy

question 71

Multiple Choice

Which of the following is true of a differentiation strategy?

• A) Businesses that adopt this strategy should have little concern for costs.
• B) It promises a high market share.
• C) It aims at lowering a customer's sensitivity to price.
• D) This is a type of retrenchment strategy.
• E) Under this strategy, organizations charge lower-than-average prices.

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Definitions:

Legitimate Social Contract

An agreement deemed valid and acceptable by those involved, often referring to the consensus on societal rules and norms.

Interpersonal Concordance

The level of agreement or harmony in attitudes, values, or interests among individuals within a group.

Universal Ethical Principle

Fundamental moral guidelines that are believed to be universally applicable to all individuals regardless of culture, time, or situation.

Oldest Approaches

The earliest methods or strategies adopted in dealing with issues or executing tasks within a particular field or discipline.