When a Firm Attempting to Create Unique Products or Services

question 4

Multiple Choice

When a firm attempting to create unique products or services for particular market niches,in order to achieve relatively high profit margins,this is best known as

• A) a quality strategy
• B) a low-cost leadership strategy
• C) a vertical integration strategy
• D) a product differentiation strategy

---

Definitions:

Plus or Minus

Often used to indicate the precision of an estimate, measurement, or mathematical result, representing a range of possible values.

Sensory

Relating to or involving the senses or sensation, including sight, sound, taste, touch, and smell.

Short-Term

Pertaining to a limited time period, often in reference to memory, indicating retention of information for a brief duration.

Long-Term

Pertaining to or involving an extended period, especially with reference to retention of information or memory.