Whether a Broad Differentiation Strategy Ends Up Enhancing a Company's

question 109

Multiple Choice

Whether a broad differentiation strategy ends up enhancing a company's profitability depends mainly on whether

• A)many buyers view the product's differentiating features as having value.
• B)most buyers have similar needs and use the product in the same ways.
• C)most buyers accept the customer value proposition as unique and the product can produce sufficient unit sales to cover the costs of achieving the differentiation.
• D)buyer switching costs are low and customer loyalty to any one brand is low.
• E)buyers are prone to shop the market for sellers offering the best price.

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Definitions:

Early Retirement

The act of leaving one's professional career or occupation before the typical retirement age, often incentivized by employers.

Excess Labour

A situation where the number of workers available exceeds the number of jobs available, often leading to unemployment or underemployment.

Seniority

The concept of prioritizing employees for benefits, promotions, or layoffs based on their length of service or tenure with an organization.

Less Competent Employees

Workers who possess lower levels of skill, knowledge, or ability compared to the expected standard or their peers.