Differentiation Refers To

question 38

Multiple Choice

Differentiation refers to:

• A)all the activities from the gathering of raw materials to the sale of the finished product that a business goes through to make a product.
• B)creating products or providing services at the lowest cost possible relative to its competitors while maintaining a quality that is acceptable to consumers.
• C)creating unique value for the customer through advanced technology, high-quality ingredients or components, product features, and superior delivery time.
• D)the number of similar businesses or business activities at the same level of the value chain.
• E)the cost advantages that a business obtains through expanding in size.

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Definitions:

Repetitive Focus

A manufacturing strategy that emphasizes producing large volumes of the same product or service, aiming for efficiency and consistency in output.

Cross-Over Point

The point at which two different options or systems result in the same level of cost or benefit, making them equally preferable under the conditions given.

Variable Cost

Costs that vary in direct proportion to changes in the level of production or activity, such as materials and labor.

Highly Automated

Systems or processes that operate with minimal human intervention, utilizing advanced technology and machinery for efficiency and precision.