Asked by Ana Bel Montes on Jul 11, 2024
Verified
Which of the following is TRUE of the differentiation strategy used by organizations for their products?
A) it lowers costs of operations
B) it focuses on creating a distinctive product or offering a unique service
C) it aggressively seeks efficiencies in production
D) it concentrates on a segment of the market
E) it targets a market that is set apart by either geography or specialized needs
Differentiation Strategy
A business approach where a company develops unique products or services to stand out from competitors in the market.
Distinctive Product
A unique product that stands out in the market due to its peculiar features, quality, or branding.
Unique Service
A unique service refers to a distinctive offering provided by a business or organization that sets it apart from its competitors.
- Acquire knowledge on approaches to promote a creative and innovative environment in organizations.
- Recognize the contribution of human resource management to increasing organizational competitiveness and addressing demographic concerns.
Verified Answer
Learning Objectives
- Acquire knowledge on approaches to promote a creative and innovative environment in organizations.
- Recognize the contribution of human resource management to increasing organizational competitiveness and addressing demographic concerns.
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