A Business That Selects a Differentiation Strategy Would ________

question 84

Multiple Choice

A business that selects a differentiation strategy would ________.

• A)imitate rival companies' strategy and products
• B)provide essential functions at lowest costs
• C)always try to price its products' higher than its competitors' products
• D)add cost to an activity provided it has a positive margin

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Definitions:

Decision-Making Process

A systematic approach to making choices among various alternatives, often involving steps such as identifying problems, evaluating options, and selecting strategies.

Empowerment Program

Initiatives designed to give individuals more control over their work and the authority to make decisions, increasing engagement and productivity.

Self-Managed Team

A group of employees who are responsible for all aspects of their work, from planning and execution to monitoring their own performance.

Centralized Leadership

Centralized leadership is a management structure where decision-making authority is concentrated at the top levels of an organization.