Question

Differentiation refers to:

a.all the activities from the gathering of raw materials to the sale of the finished product that a business goes through to make a product.
b.all the activities from the gathering of raw materials to the sale of the finished product that a business goes through to make a product.
c.creating products or providing services at the lowest cost possible relative to its competitors while maintaining a quality that is acceptable to consumers.
d.creating unique value for the customer through advanced technology, high-quality ingredients or components, product features, and superior delivery time.
e.the cost advantages that a business obtains through expanding in size.

Answer 1

D) Creating unique value for the customer through advanced technology, high-quality ingredients or components, product features, and superior delivery time.

Step-by-step explanation:

This is because differentiation refers to creating and gaining a competitive advantage by establishing unique selling points of the products. All of the components of option D allows for creation of USPs and thus allows the product to standout. This is what differentiation is all about.

The other options do not discuss any advantage that would set apart a product in comparison to that of the competitors when compared on characteristics and not on costs.

Hope that helps.