Broad Differentiation Strategies Are Well-Suited for Market Circumstances Where

question 109

Multiple Choice

Broad differentiation strategies are well-suited for market circumstances where:

• A) there are many ways to differentiate the product or service that have value to buyers.
• B) most buyers have the same needs and use the product in the same ways.
• C) buyers are susceptible to clever advertising.
• D) barriers to entry are high and suppliers have a low degree of bargaining power.
• E) price competition is especially vigorous.

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Definitions:

Charles Darwin

A natural scientist from the 1800s who is renowned for his work on evolution and the concept of survival of the fittest.

User's Manual

A guidebook that provides instructions for the operation or understanding of a system, device, or software.

Physical World

Everything that exists naturally, including the land, seas, planets, and stars, as opposed to the digital or imagined worlds.

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring.