Which of the Following Statements Best Define a Product Differentiation

question 143

Multiple Choice

Which of the following statements best define a product differentiation strategy?

• A) It describes how an organization can increase customer base by differentiating its' product prices from its competitors.
• B) It is an organization's ability to achieve lower costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control.
• C) It describes how an organization can decrease product prices by differentiating its' raw materials from its competitors.
• D) It is an organization's ability to offer products or services its customers perceive to be superior and unique relative to the products or services of its competitors.

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Definitions:

Social Conventional Reasoning

Focuses on conventional rules established by social consensus, as opposed to moral reasoning that stresses ethical issues.

Social Consensus

Agreement among members of a group or society on beliefs, values, or behaviors.

Power Assertion

A discipline technique in which a parent attempts to gain control over the child or the child’s resources.

Parental Induction

Parental induction involves parents teaching their children desirable behavior by explaining the reasons behind rules, emphasizing empathy and the consequences of actions.