In Which of the Following Market Circumstances Is a Broad

question 6

Multiple Choice

In which of the following market circumstances is a broad differentiation strategy generally NOT well-suited?

• A) When buyer needs and preferences are too diverse to be fully satisfied by a standardized product
• B) When few rivals are pursuing a similar differentiation approach
• C) When the products of rivals are weakly differentiated
• D) When there are many ways to differentiate a product or a service and many buyers perceive these differences valuable
• E) When technological change is fast-paced and competition revolves around rapidly evolving product features

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Definitions:

International Market

Refers to the economic activities and exchanges that involve the trade of goods, services, technology, and capital across national borders.

Situation Analysis

An evaluation of an organization's current state, including its internal conditions and external environment, to identify strengths, weaknesses, opportunities, and threats.

SWOT Analysis

A strategic planning tool that helps organizations identify their Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Competition Analysis

The process of identifying, assessing, and analyzing competitors in the market to understand their strengths, weaknesses, strategies, and market position.