A Broad Differentiation Strategy Improves Profitability When

question 46

Multiple Choice

A broad differentiation strategy improves profitability when

• A)it is focused on product innovation.
• B)differentiating enhances product performance and quality.
• C)the differentiating features appeal to sophisticated and prestigious buyers.
• D)the higher price the product commands exceeds the added costs of achieving the differentiation.
• E)the differentiator charges a price that is only fractionally higher than the industry's low-cost provider.

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Definitions:

Group Identification

The psychological process by which individuals align themselves with particular social groups, adopting the group's norms, values, and behavior.

Self-Esteem

The individual's subjective evaluation of their own worth, encompassing beliefs about oneself as well as emotional states such as triumph, despair, pride, and shame.

Oppressed Groups

Communities or social groups that face systemic inequalities, discrimination, and injustices due to societal power imbalances.

Structures of Oppression

Systematic societal patterns that disadvantage certain groups while privileging others, including but not limited to racism, sexism, and classism.