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QUESTION:

Multiple Choice Question

When pursuing a differentiation strategy, a firm can achieve a competitive advantage by Blank.

Multiple choice question.

making sure the firm's costs are the lowest

equipping customers with generic and lower priced products

increasing perceived value regardless of cost increases

ensuring that its economic value exceeds that of its competitors

ANSWER:

Multiple Choice QuestionYour Answer correct

When pursuing a differentiation strategy, a firm can achieve a competitive advantage by Blank.

Multiple choice question.

making sure the firm's costs are the lowest

equipping customers with generic and lower priced products

increasing perceived value regardless of cost increases

Reason:

Since competitive advantage is based on economic contribution, it is the relationship between perceived value and cost that matters.

ensuring that its economic value exceeds that of its competitors

Correct AnswerQuestion

ensuring that its economic value exceeds that of its competitors

Posted by Cleveland on November 6, 2024

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