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NEW QUESTION: 1
Scenario:

A. Option D
B. Option C
C. Option B
D. Option A
Answer: D

NEW QUESTION: 2
Porter describes differentiation as a firm having a unique product or service that is valued by the customer.
Which ONE of the following is NOT a factor in the higher prices and profits from differentiated products?
A. Price inelastic supply because differentiation acts as a barrier to entry against other firms
B. Lower price elasticity of demand due to the product having few substitutes
C. Higher customer satisfaction making them willing to pay a higher price
D. Higher costs of production and marketing necessitating the charging of a higher price
Answer: D

NEW QUESTION: 3

A. Option D
B. Option B
C. Option C
D. Option A
Answer: B