Horizontal Differentiation Occurs When

question 33

Multiple Choice

Horizontal differentiation occurs when:

• A)one product is always considered superior to the other across a broad spectrum of consumers.
• B)some consumers consider a company's product or group of products to be superior to another company's product or group of products, but not all consumers have the same viewpoint.
• C)an inventor in the telecom industry comes up with a completely new and innovative product.
• D)the demand curve is horizontal in an oligopolistic industry.

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Definitions:

Geology

The science that deals with the Earth's physical structure and substance, its history, and the processes that act on it.

Traits Evolve

The process by which characteristics or traits of organisms change over generations through natural selection and genetic drift.

Species Survive

The ability of a species to continue existence and avoid extinction by adapting to environmental changes or overcoming threats.

Uniformitarianism

The idea that the natural laws observable around us now are also responsible for events in the past. One part of this view, for example, is the idea that Earth has been shaped by the cumulative action of gradual processes like sediment deposition and erosion.