What Are the Distinctive Features of a Broad Differentiation Strategy

question 15

Essay

What are the distinctive features of a broad differentiation strategy? Under what circumstances is a broad differentiation strategy appealing?

---

Definitions:

Heckscher-Ohlin Theorem

An economic theory stating that countries export what they can most efficiently and abundantly produce.

Labor Intensive

describes industries or production processes that require a large amount of labor relative to capital in the production process.

WTO

The World Trade Organization, an intergovernmental organization that regulates international trade agreements and disputes between nations.

Retaliatory Tariffs

Taxes on imported goods that are imposed in response to similar taxes levied by another country.