Which of the Following Is a Danger in Choosing a Differentiation

question 1

Multiple Choice

Which of the following is a danger in choosing a differentiation strategy?

• A) Focusing only on physical characteristics of a product or service and ignoring important psychological factors, such as status, prestige, image, and customer service
• B) Choosing a market that is not large enough to be profitable
• C) Misunderstanding the firm's true cost drivers
• D) All of the above

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Definitions:

Community Psychologists

Specialists focused on understanding individuals within their social, cultural, economic, geographic, and political contexts to improve community well-being.

Values

Core beliefs or standards that guide behavior and decision-making.

Social Change

Transformations in the structure and functioning of a society over time, often driven by collective behavior and social movements.

Quantitative Research

Research that collects and analyzes numerical data to describe, predict, or control variables of interest.