A transparent marketplace means that there is high product differentiation

Companies can also differentiate their products on performance. This is referred B the law of diminishing returns. Transparency means totally clear, as in a window or a meaning. D intensive customer data analysis. Style and design can also be important differentiating factors.

C customer and supplier intimacy 22 The interaction between information systems and organizations is influenced B by many factors, including structure, politics, culture, and environment. The company recently made changes to their user agreement; allowing products to be sold that were designed by an Etsy member, but may have been produced by someone else.

By maintaining this level of innovation, Nike will be constantly in the front of the competition. Other companies offer products that can be highly differentiated, such as cars, commercial buildings and furniture. True 4 A firm can be said to have competitive advantage when they have higher stock market valuations than their competitors.

Why Is Product Differentiation Important? D The Internet enables the production or sales of substitute products or services. What factors differentiate a product and a service?

What is the meaning of differentiate?

True 9 In an efficient customer response system, digital answering systems are used to monitor and respond to customer inquiries. B Internet technologies are universal, and therefore usable by all companies. The common manufacturing costs are called joint costs.

This process of creating a marketable difference… can increase the premium of a price while giving the customer the satisfaction of value. There is constant pressure on the corporation to buy massive quantities to keep their stores stocked and prices low.

Product Differentiation – Definition, Types, Importance & Examples

In spite of these difficulties, however, Walmart remains a powerful market force in every geographical area that they do business in. There are several elements of differentiation: Value chain analysis is useful at the business level to highlight specific activities in the business where information systems are most likely to have a strategic impact.

The differentiation strategy the business uses must target a segment of the market and deliver the message that the product is positively different from all other similar products available.

ETSY Online artisan store and shopping gallery, Etsy offers its users the chance to showcase their handmade wares and sell them to customers around the world. However, in the United States where regulations are strict and competition is fierce, the market is not as easy to conquer.

Their products include athletic footwear, workout and performance clothes as well as athletic accessories such as gym bags, headbands, balls and more. In addition, their success has created problems for the artisans who are unable to keep up with the higher number of demands.

C new market entrants; substitute products and services; customers; and suppliers. Product differentiation is how a product is different from itscompetitors because of its unique attributes. The distribution channels that Walmart has put into place are one of the key factors in their success.

Choosing Duracell over other batteries because the customer believes that it lasts longer.

Stand Out from the Crowd | Examples of Differentiation

A It helps firms expand in size. Location advantages, name recognition and customer loyalty can all provide additional ways for a company differentiate itself from the competition. Leaving the ecosystem would not only be costly, it would be cumbersome to try to assimilate the same ease of use — a fact that Apple uses to their advantage.

The Etsy business model brings together the craftiness of individuals and the business savvy of investors who are confident the Do It Yourself crowd will also be members of the Let Someone Else Do It crowd. True 12 Strong linkages to customers and suppliers decrease switching costs.

MIS Chapter 3

Through their business model of innovation and design, they have branded their company as the forerunner in marketing, service and sales. C strengthen customer intimacy. C focus on market niche.Product differentiation is a marketing strategy whereby businesses attempt to make their product unique to stand out from competitors.

Businesses do this to gain an edge in industries where. Работа по теме: laudon_mis12_tif_ ВУЗ: КИМЭП. A transparent marketplace means that there is high product differentiation.

Answer: FALSE. Diff: 2 Page Ref: transparent marketplace. B) high product differentiation. C) poor process efficiency. D) demand control. -A transparent marketplace means that there is high product differentiation. Answer: FALSE - In the strategy of product differentiation, information systems are used to enable new products and services%(13).

A transparent marketplace means that there is high product differentiation. 11) In an efficient customer response system, digital answering systems are used to monitor and respond to customer inquiries.

Get a 20 % discount on an order above $ 10 Use the following coupon code: VACAY. A transparent marketplace means little product differentiation, AND that all prices are known constantly.

A transparent marketplace means that there is high product differentiation. False, there is little product differentiation. The effect of the Internet has been to raise bargaining power over suppliers.

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A transparent marketplace means that there is high product differentiation
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