A Differentiation Strategy Enables a Business to Address the Five

question 52

Multiple Choice

A differentiation strategy enables a business to address the five competitive forces by ______.

• A) having brand-loyal customers become more sensitive to prices
• B) lessening competitive rivalry by distinguishing itself
• C) increasing economies of scale
• D) serving a broader market segment

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Definitions:

Government Officials

Individuals appointed or elected to positions of authority within government structures to oversee and implement laws and policies.

Mortgage Payments

Regular payments made towards a loan taken to purchase property, typically consisting of principal and interest components.

Down Payments

An initial payment made when purchasing something on credit, representing a portion of the total price, with the balance to be paid over time.

Foreign Corrupt Practices Act

A U.S. law that prohibits American companies and their employees from bribing foreign officials to gain a business advantage.