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Jennifer Pastink
on Nov 09, 2024

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Differentiation can effectively remove direct competition if customers can be shown that ______.

A) the difference is better
B) the difference is lower prices
C) the product is collectible
D) the product is brand name specific

Differentiation

The process of distinguishing a product or service from others to make it more attractive to a particular target market.

Direct Competition

Companies or businesses that offer the same or similar products or services to the same customer or market segment.

Lower Prices

A strategy or condition where goods or services are offered for sale at reduced costs.

  • Comprehend the critical role of differentiation and competitive strategies in the success of a business.
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Andrew HanakaNov 15, 2024
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