Under Which Condition Would a Differentiation Strategy Be Especially Effective

question 29

Multiple Choice

Under which condition would a differentiation strategy be especially effective?

• A)When the industry has many different niches and segments,thereby allowing a company to pick a competitively attractive niche suited to its own resources.
• B)When industry leaders do not consider the niche to be crucial to their own success.
• C)When the target market niche is large,profitable and growing.
• D)When technological change is fast paced and competition revolves around rapidly evolving product features.
• E)When few,if any,other rivals are attempting to specialize in the same target segment.

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Definitions:

Soccer Balls

Spherical balls designed and used specifically for the sport of soccer.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and capable of buying at a specific price point.

Price Elasticity of Demand

A gauge for determining how changes in price impact the amount of a good that is demanded.

Starbucks Coffee

Starbucks Coffee is a global coffeehouse chain and brand originating from Seattle, Washington, known for its signature coffee drinks and emphasis on customer experience.