A Business Model Based on Differentiation Requires a Company to

question 34

Multiple Choice

A business model based on differentiation requires a company to

• A)make strategic choices that reinforce each other and increase the value of a good or service in the eyes of customers.
• B)serve several market segments simultaneously to take full advantage of differentiation.
• C)systematically raise its prices at stipulated times.
• D)develop a functional organization structure.
• E)all of these choices.

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Definitions:

Predominant Influence

Predominant influence refers to the dominant effect or control one factor or entity has over others within a particular context or situation.

Shared Acquisition

The process by which individuals or groups collectively obtain knowledge, skills, or assets.

Symbolic Function

The ability to use a mental symbol, a word, or an object to stand for or represent something that is not physically present.

Thinking

The mental process of considering, reflecting, or reasoning about problems, ideas, or subjects.