Ask Question
BusinessBusiness
27 December, 23:31

the business strategy of differentiation reflects unique and frequently innovative product, or service. true or false

+2
Answers (1)
  1. 27 December, 23:59
    0
    TRUE

    Explanation:

    In simple words, differentiation strategy refers to the business strategy under which an organisation tries to get competitive advantage in the market by adding some unique features in the existing products or by introducing brand new products for utilization.

    This strategy is used by service industries as well in which the organisations frequently introduce new technologies for better operating activities. Such strategies can sometimes lead to establishment of new industry in which the innovating firm gets the first mover advantage.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “the business strategy of differentiation reflects unique and frequently innovative product, or service. true or false ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Consider a hypothetical closed economy in which households spend $0.65 of each additional dollar they earn and save the remaining $0.35.
Answers (1)
Taylor began to develop his theory of after a result of viewing workers in steel companies
Answers (1)
A financial analyst is presented with information on the past records of 60 start-up companies and told that in fact only 3 of them have managed to become highly successful. He selected 3 companies from this group as the candidates for success.
Answers (1)
You work at a call center of a large bank where you answer credit card services related questions from customers. Lately, you have noticed an increased number of customers enquiring if you had initiated a call. There can be a scam in progress. a.
Answers (1)
Nero signs a check "pay to the order of Olive" drawn on Nero's account in Plum Bank - Olive signs the back of the check. Secondary liability on this check extends to a. Nero and Olive only. b. Nero and Plum Bank only. c. Nero only. d. Plum Bank only.
Answers (1)
New Questions in Business
In the third party financing addendum for credit approval, what should be the cap on interest rates?
Answers (1)
Refresh produces soft drinks and sodas. Production of 100,000 liters was started in February, 85,000 liters were completed. Material costs were $38,220 for the month while conversion costs were $16,380.
Answers (1)
Bramble Company is a leading manufacturer of sunglasses. One of Bramble's products protects the eyes from ultraviolet rays. An upscale sporting goods store has contacted Bramble about purchasing 16,500 pairs of these sunglasses.
Answers (1)
For a profit-maximizing monopoly that charges the same price to all consumers, what is the relationship between price P, marginal revenue MR and marginal cost MC?
Answers (1)
Who is credited with the creation of plainsong?
Answers (1)
Home » Business » the business strategy of differentiation reflects unique and frequently innovative product, or service. true or false
Sign Up Forgot Password?