Differentiation strategies
A. strive to create value for customers.
B. often result in overspending on efforts to differentiate the company's product offering.
C. offer trivial improvements in quality, service, or performance features.
D. add so many frills and extra features that the end product exceeds the needs of buyers.
E. often result in overcharging for the differentiating features.
Answer: A
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A) Perception is reality. B) Public opinion is ever-shifting. C) The media will "run with the pack." D) Opinion leaders rule.
Acme, Inc., produces widgets. To manufacture a new type of widget, it took 100 hours for the first widget. Acme estimates it has a 95% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 75th widget.
a. 62.89 hours b. 72.70 hours c. 56.55 hours d. 76.42 hours
There is a federal uniform lemon law that applies across the states to protect consumers in their purchase of new cars
Indicate whether the statement is true or false
Courts may award damages called quantum meruit, which means
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