Which of the Following Statements About Companies That Adopt a Differentiation

question 72

Multiple Choice

Which of the following statements about companies that adopt a differentiation strategy is true?

• A)They believe that people will pay more for a product that is unique in some way.
• B)Their focus is on being as efficient as they can be.
• C)They rely on selling products at the lowest possible cost.
• D)They are more likely to take a mechanistic approach to organizational design.
• E)They concentrate on developing large quantities of the same product there by providing cost advantages to their customers.

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Definitions:

Lone "Geniuses"

Refers to individuals who are recognized for their exceptional creativity or intelligence, often perceived to work and achieve success independently of others.

Diversity Competency

The ability to understand, respect, and value the differences among individuals, contributing to an inclusive workplace.

Competitive Advantage

The attributes that allow an organization to outperform its competitors.

Business Opportunity

A set of conditions that makes it possible to create, buy, or invest in a business venture with the potential for profit.