Explain the use of differentiating functionality as an approach to finding new market opportunities
What will be an ideal response?
A product/service's differentiating functionality are its features which distinguish the product or service from
similar ones in the market. The new functionality is intended to attract a new class of users that value the specific
new functionality. For the differentiating functionality approach to be successful, customers must recognize the
difference, value the difference, and constitute a large enough market to justify the difference.
You might also like to view...
Refer to the following UML class diagram to answer the question below about the relational database based on this model.
The association between Purchase Orders and Cash Disbursements would be implemented with a linking table.
Answer the following statement true (T) or false (F)
Brand equity can be built by linking the brand to sources, such as channels of distribution as well as to
other brands. Indicate whether the statement is true or false
Briefly describe the four major differences between IFRS and GAAP in the measurement procedures used in accounting for deferred income taxes.
What will be an ideal response?
If the direct method is used to prepare a statement of cash flows, the cost of goods sold from the income statement will be adjusted
A) for changes in inventory to arrive at net purchases. B) for changes in accounts payable to arrive at cash payments for purchases. C) Both of these choices.