Competitive Advantage with Product Differentiation Occurs When a Company

question 18

Multiple Choice

Competitive advantage with product differentiation occurs when a company

• A)creates competitive advantage by grouping customers on the basis of important differences in their needs.
• B)helps firms keep costs to a minimum.
• C)creates,makes,and sells a product in a way that better satisfies customer needs than its rivals do.
• D)is focused on corporate-level strategy.
• E)allows its managers to ignore costs.

---

Definitions:

Medical Device

An instrument, apparatus, implant, or similar article used for diagnosing, preventing, or treating disease or other conditions.

Seafloor

The bottom surface of the ocean, covering a vast area and consisting of various geological features like underwater volcanoes, canyons, and plains.

Uplifted

The process by which regions of the Earth's crust are raised to higher elevations, often due to tectonic forces.

Tsunami

A series of ocean waves with very long wavelengths caused by large-scale disturbances under the ocean, such as earthquakes or volcanic eruptions.