According to the Text,which of the Following Does Not Make

question 22

Multiple Choice

According to the text,which of the following does not make it difficult for entrepreneurial firms to effectively pursue a strategy of differentiation?

• A) Differentiation strategies are often expensive to enact.
• B) Incumbent firms are constantly seeking opportunities to specialize in market niches.
• C) It may be difficult for a young firm to establish a strong brand identity.
• D) Implementing superior new technologies may be challenging for entrepreneurial firms.

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Definitions:

Tactical Marketing Process

A targeted approach focusing on actions and strategies to achieve short-term marketing goals.

Situational Analysis

An assessment of an organization's current situation, identifying strengths, weaknesses, opportunities, and threats to aid in strategic planning.

Diversification Analysis

The process of assessing the potential benefits and risks of adding new varieties of products, services, or market segments to a business's portfolio to reduce risks.

Product Development

is the complete process of bringing a new product or service to market, from idea generation and design to prototype testing and eventual launch.