193k views
2 votes
The characteristic that separates one company from another in product, price, promotion, and/or distribution, is referred to as _____.

A. Differential advantage.
B. Volatility.
C. Liquidity.
D. External legitimacy.

1 Answer

5 votes

Final answer:

The characteristic that separates one company from another in product, price, promotion, and/or distribution, is referred to as differential advantage.

Step-by-step explanation:

The characteristic that separates one company from another in product, price, promotion, and/or distribution, is referred to as differential advantage. This means that a company has something unique or distinctive that sets it apart from its competitors in terms of its products, pricing strategies, marketing promotions, and distribution channels.

For example, if a company offers a product with improved features or provides better customer service than its competitors, it creates a differential advantage. Likewise, if a company introduces a new pricing strategy or uses innovative promotional techniques, it can differentiate itself from others in the market.

User Gui Meira
by
8.3k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.