In Order to Create a Differentiated or Lowest Cost Position

question 98

Multiple Choice

In order to create a differentiated or lowest cost position, a firm needs to understand which of the following?

• A)What customers value
• B)Sources of competitive advantage
• C)Industry trends
• D)All of the above

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Definitions:

Precipitation

Any form of water, such as rain, snow, sleet, or hail, that falls from the atmosphere to the Earth's surface.

Genetic Pollution

The uncontrolled spread of genetic information, often as a result of human activities, leading to unwanted alterations in populations or species.

Ecological Dangers

Risks and threats to the environment and ecosystems, including pollution, climate change, and loss of biodiversity.

Biodiversity

Refers to the enormous variety of plant and animal species inhabiting the Earth.