____ Refers to Avoiding Competition in Making a Product Distinct

question 69

Multiple Choice

____ refers to avoiding competition in making a product distinct from that of competitors by adding value or features for which consumers are willing to pay more.

• A)Kaizen
• B)Differentiation
• C)Confrontation
• D)Cost leadership

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Definitions:

Customized Products

Goods or services specifically tailored to meet the unique preferences or needs of individual customers.

High Quality Standards

The maintenance of excellence and superior standards in products or services.

Breakthrough Innovation

A significant and revolutionary discovery or development that drastically advances the field or industry.

Continuous Innovation

The ongoing process of implementing new ideas, improvements, or developments to products, services, or processes.