Easy-To-Copy Differentiating Features

question 16

Multiple Choice

Easy-to-copy differentiating features

• A)do not offer the promise of sustainable competitive advantage.
• B)are less expensive to integrate into a product or service offering.
• C)tend to create as much value for consumers as difficult-to-copy differentiating features.
• D)should be patented before other companies follow suit.
• E)lead to vigorous price competition.

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Definitions:

Consumers

Individuals or groups that purchase goods and services for personal use.

Pencil Sharpeners

Devices used to sharpen pencils by shaving away their worn surfaces.

Total Surplus

The combined benefit to all parties involved in a transaction, equal to the sum of consumer and producer surplus.