A Focused Differentiation Strategy Aims at Securing Competitive Advantage

question 9

Multiple Choice

A focused differentiation strategy aims at securing competitive advantage

• A)by providing niche members with a top-of-the-line product at a premium price.
• B)by catering to buyers looking for an upscale product at an attractively low price.
• C)with a product or service offering carefully designed to appeal to the unique preferences and needs of a narrow,well-defined group of buyers.
• D)by developing product attributes that no other company in the industry has.
• E)by convincing affluent buyers that the company has a true world-class product.

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Definitions:

Sustainable Supply

The procurement and supply of goods and services in a manner that balances environmental, social, and economic demands to meet the needs of the present without compromising the ability of future generations to meet their own needs.

Type II Survivorship

A survivorship curve where individuals die at a constant rate across their lifespan, common in some birds and perennial plants.

Density-Dependent

Referring to factors whose effects on the size or growth of a population vary with the density of the population itself.