Final answer:
Opportunities to differentiate a company's product offering can exist in activities all along an industry's value chain.
Step-by-step explanation:
The correct answer is C. Opportunities to differentiate a company's product offering can exist in activities all along an industry's value chain. The value chain describes how a good is produced in stages, and different firms operating in various places and even different countries can divide the value chain. This allows for specialization and the production of more specialized goods that are distinctive from competitors' products.