Complete the following using these terms.
-_____ is the unique combination of organizational abilities,products,and approaches that sets a company apart from competitors in the minds of consumers.
A)outsourcing
B)Diversity
C)entrepreneur
D)Competitive differentiation
E)strategic alliance
F)Capital
G)vision
H)factors of production
I)brand
J)Relationship management
K)Not-for-profit organizations
L)Business ethics

Question

Quizplus · Accepted Answer

Competitive differentiation is when a company distinguishes itself from its competitors through its unique combination of organizational abilities, products, and approaches, which is often referred to as a unique selling proposition (USP). This can include things such as product features, customer service, marketing, and branding.

Note: While branding (I) is related to competitive differentiation, it specifically refers to the process of creating and promoting a particular brand image, rather than the overall uniqueness of a company's approach.

Complete the Following Using These Terms