In Which One of the Following Market Circumstances Is a Broad

question 62

Multiple Choice

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

• A)When buyer needs and preferences are diverse
• B)When few rivals are pursuing a similar differentiation approach
• C)When buyers are homogeneous in their needs and preferences,and are generally satisfied with standardized product
• D)When there are many ways to differentiate the product or service and many buyers perceive these differences as having value
• E)When technological change is fast-paced and competition revolves around rapidly evolving product features

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Definitions:

Food And Supplies

Items necessary for the operation of a service, especially in the hospitality and retail industries, including edible products and necessary equipment.

Tenant-Days

A metric used in property management to calculate the total number of days tenants occupy a space within a given period.

Net Operating Income

The income generated from normal business operations after deducting operating expenses but before taxes and interest.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, helping businesses better plan for costs.