When a Firm Is Able to Achieve Higher Economic Value

question 21

Multiple Choice

When a firm is able to achieve higher economic value creation than its competition through differentiation,the competitive advantage is reflected by:

• A) The firm's ability to move into a new strategic group.
• B) The firm's ability to charge higher prices.
• C) The firm's ability to charge lower prices.
• D) The firm's ability to leverage complements.

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Definitions:

Hilus

A part of an organ where blood vessels, nerves, and other structures enter or exit.

Oropharynx

A part of the pharynx situated between the soft palate and the epiglottis, involved in swallowing.

Nasopharynx

The upper part of the throat located behind the nose, which forms part of the respiratory system.

Laryngopharynx

The part of the pharynx that lies below the epiglottis and above the esophagus, involved in both respiration and digestion.