An Organization Attempts to Succeed by Distinguishing Its Products from Those

question 46

Multiple Choice

An organization attempts to succeed by distinguishing its products from those of the competition; this is a(n) ________ strategy.

• A)differentiation
• B)low-cost
• C)related diversification
• D)unrelated diversification

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Definitions:

Job Loss

Job loss occurs when an individual's employment is terminated, either due to layoffs, dismissal, or company closures, resulting in unemployment for the affected person.

HR Workers

Employees within the HR Department responsible for executing various human resources functions such as recruitment, employee relations, and payroll.

Social Media Sites

Online platforms where individuals and organizations can create and share content or participate in social networking, such as Facebook, Twitter, and Instagram.

MOOCs

Stands for Massive Open Online Courses, free online courses available for anyone to enroll that offer a wide variety of subjects.