Broad Differentiation Strategies Generally Work Best in Market Circumstances Where

question 102

Multiple Choice

Broad differentiation strategies generally work best in market circumstances where:

• A) buyer needs and uses of a product are diverse and not fully satisfied by a standardized product.
• B) most buyers have similar needs and use the product in the same ways.
• C) the products of rivals are weakly differentiated and most competitors are resorting to clever advertising to try to set their product offerings apart.
• D) buyers are price sensitive and product switching costs are quite low.
• E) market competition revolves around slowly evolving product features.

---

Definitions:

Digital Photography

The process of capturing images using electronic photo sensors, resulting in pictures that can be viewed, edited, and shared digitally.

Presbycusis

Age-related hearing loss, which progressively affects the ability to hear higher frequencies over time.

Hearing Loss

A partial or total inability to hear, which can be temporary or permanent, affecting one or both ears.

Meniere's Disease

A disorder of the inner ear that can lead to dizzy spells (vertigo) and hearing loss.