Which Strategy for Competitive Advantage Involves Offering Different Products, Services

question 64

Multiple Choice

Which strategy for competitive advantage involves offering different products, services, or product features?

• A) cost leadership
• B) differentiation
• C) innovation
• D) operational effectiveness
• E) customer-orientation

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Definitions:

False Consensus Effect

Seeing our own behaviour as being more typical than it really is.

Inflated Grade

A grade that is higher than what would be justified by the student's actual performance, often resulting from grade inflation.

Fundamental Attribution Error

The bias of attributing others' actions more to their character than to external factors, overlooking the influence of situational aspects.

Dispositional Traits

Enduring personality characteristics that influence behavior across different situations and over time.