Quizzol

QUESTION:

Multiple Choice Question

Which of the following scenarios would result in strengthening a firm's strategic position?

Multiple choice question.

A firm adds a new product feature that greatly increases the perceived value of the product at a minimal cost to the firm.

A firm invests a significant amount of money into a new customer service call center, resulting in a minimal increase in perceived value.

A firm releases a new complementary product that decreases the perceived value of the original product.

A firm invests in a range of new product features that result in an equal increase in costs and value creation.

ANSWER:

Which of the following scenarios would result in strengthening a firm's strategic position?

Multiple choice question.

A firm adds a new product feature that greatly increases the perceived value of the product at a minimal cost to the firm.

A firm invests a significant amount of money into a new customer service call center, resulting in a minimal increase in perceived value.

Reason:

The increase in value creation must exceed the increase in costs for a differentiation strategy to enhance a competitive advantage.

A firm releases a new complementary product that decreases the perceived value of the original product.

Reason:

The increase in value creation must exceed the increase in costs for a differentiation strategy to enhance a competitive advantage.

A firm invests in a range of new product features that result in an equal increase in costs and value creation.

Reason:

The increase in value creation must exceed the increase in costs for a differentiation strategy to enhance a competitive advantage.

A firm adds a new product feature that greatly increases the perceived value of the product at a minimal cost to the firm.

Posted by Cleveland on November 6, 2024