When a Firm Develops Ways to Differentiate Their Products and Services

question 84

Multiple Choice

When a firm develops ways to differentiate their products and services from their competitors', it is pursuing a _______________ strategy.

• A) differentiation
• B) alliance
• C) innovation
• D) marketing

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Definitions:

Continuous Reinforcement

A strategy in which a desired behavior is reinforced every time it occurs, leading to quick learning of the behavior.

Behavior Modification

A psychological strategy for altering undesirable behaviors through reinforcement, punishment, and other interventions.

Occasional Praise

The act of expressing approval or admiration infrequently or at irregular intervals, often used as a motivational tool in personal and professional contexts.

Mentor Relationships

The dynamic between a more experienced individual (mentor) and a less experienced individual (mentee), geared towards the latter's personal and professional development.