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:

Suprachiasmatic Nucleus

A tiny region of the brain in the hypothalamus responsible for controlling circadian rhythms.

Master Clock

Refers to the body's internal time-keeping system, located in the brain, that regulates circadian rhythms and sleep-wake cycles.

Pineal Gland

A small endocrine gland in the brain involved in the production of melatonin, a hormone that regulates sleep patterns.

Suprachiasmatic Nucleus

A tiny region in the brain's hypothalamus responsible for controlling circadian rhythms, essentially acting as the body's internal clock.