Differential Advantage Is Typically the Result of a Business

question 6

Multiple Choice

Differential advantage is typically the result of a business:

• A) adopting a code of conduct that is different from other businesses.
• B) exhibiting heterogeneity each time it provides its services.
• C) being distinct from other businesses in terms of product,price,place,and promotion.
• D) going through different stages of new product development and product life cycle.

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Definitions:

Product

An item or service developed, manufactured, or provided to fulfill the needs or desires of consumers.

Closeout

The act of completing all project-related tasks, documenting outcomes, and formalizing the conclusion of a project.

Organizing

The process of arranging resources, defining roles, and establishing structures within an organization or project to achieve objectives efficiently.

Preparing

The process of making ready or being made ready for use or consideration, often involving planning and setup.