Achieving a Differentiation-Based Competitive Advantage Can Involve

question 44

Multiple Choice

Achieving a differentiation-based competitive advantage can involve

• A) incorporating product attributes and user features that lower a buyer's overall cost of using the product.
• B) incorporating features that raise the performance a buyer gets from using the product.
• C) incorporating features that enhance buyer satisfaction in non-economic or intangible ways.
• D) delivering value to customers via competencies and competitive capabilities that rivals don't have or can't afford to match.
• E) All of these are viable ways of building competitive advantage via differentiation.

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Definitions:

Same Industry

Pertains to businesses or entities that operate within the same sector or category of the economy, producing similar goods or services.

Risky

Involving or exposing someone to a possibility of loss or injury.

Random Walk Theory

The hypothesis that stock market prices evolve according to a random walk and thus cannot be predicted.

Stock Prices

The market price of a share of a company's stock, reflecting investor sentiment and company valuation at a given time.