Differentiation Leads to High Brand Loyalty, Which in Tum Significantly

question 32

True/False

Differentiation leads to high brand loyalty, which in tum significantly increases the threat of new firms entering the industry.

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Definitions:

Characteristic

A feature or quality that defines and distinguishes a person, object, or phenomenon from others.

Management

The process of planning, organizing, directing, and controlling resources to achieve organizational objectives efficiently and effectively.

Exception

A deviation from the rule, standard, or expected outcome.

Contingency Theory

A theory that suggests the effectiveness of a leadership style is contingent upon the context and situation at hand, and no one style is best in all circumstances.