Differentiation Improves a Firm's Competitive Position By

question 53

Multiple Choice

Differentiation improves a firm's competitive position by:

• A) increasing the buyer's power
• B) creating high entry barriers
• C) providing buyer's with comparable alternatives
• D) creating the need for a low-cost position

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Definitions:

Innovative Locations

Areas or places characterized by a high degree of creativity and innovation, often leading to the development of new products, services, or technologies.

Centre of Gravity

In operations and logistics, a geographical location determined as the most cost-effective for distributing goods to destinations, minimizing transportation costs.

Recycling Drop-Off

A designated place where individuals can take recyclable materials so that they can be processed and reused.

Tonnage

A measurement of weight commonly used to describe the carrying capacity of ships or the output of mines, often calculated in tons.