One Way by Which Firms Differentiate Their Products Is to Find

question 67

True/False

One way by which firms differentiate their products is to find a market niche.

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Definitions:

External Adaptation

The process through which an organization responds and adjusts to changes in its external environment, including markets, regulations, and cultural shifts.

Organizational Socialization

The process through which new employees learn the attitudes, knowledge, skills, and behaviors required to function effectively within an organization.

Encounter Phase

A stage in the organizational socialization process where new employees experience the realities of their job and the organization.

Anticipatory Socialization

The process of preparing for future changes in roles or norms, often through rehearsal or simulation.