A Company That Uses a Differentiation Strategy Can Achieve a Competitive

question 21

Multiple Choice

A company that uses a differentiation strategy can achieve a competitive advantage as long as its

• A) economic value created is greater than that of its competitors.
• B) value gap is lower than that of its competitors.
• C) strategic position is below the productivity frontier.
• D) products and services create a lower consumer surplus than that of its competitors.

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Definitions:

Honor

A code or sense of integrity and morality, often associated with fulfilling social obligations, duty, or maintaining one's reputation.

Principles

Fundamental truths, laws, or doctrines that serve as the foundation for a system of belief or behavior or for a chain of reasoning.

Pelagius

A theologian of the late 4th and early 5th centuries, known for his teachings on free will and his opposition to the doctrine of original sin.

Augustine

An early Christian theologian and philosopher known for his writings that influenced the development of Western Christianity and Western philosophy.