A Focused Differentiation Strategy Aims at Securing Competitive Advantage

question 8

Multiple Choice

A focused differentiation strategy aims at securing competitive advantage:

• A) by providing niche members with a top-of-the-line product at a premium price.
• B) by catering to buyers looking for an upscale product at an attractively low price.
• C) with a product offering carefully designed to appeal to the unique preferences and needs of a narrow,well-defined group of buyers.
• D) by developing product attributes that no other company in the industry has.
• E) by convincing a narrow,well-defined group of buyers that the company has a truly world-class product.

Acknowledge the categorization of workers and the implications for HRM.

Grasp the concept of psychological contracts and their impact on employee-organization relationships.

Understand the various challenges facing HRM, including technological advancements and the selection of knowledge workers.

Recognize the importance of measuring HRM's impact through metrics such as utility analysis.

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The status of being officially recorded and recognized, often referring to documents, organizations, or trademarks.

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