Asked by
miray antoun
on Oct 22, 2024Verified
Telkon, a mobile phone company, has recently launched a device which, apart from all the regular mobile phone features, also has an electric cigarette lighter and a small hidden knife. None of the other mobile handset makers have such a product. According to this information, which of the following business-level strategies is being used by Telkon?
A) co-opetition strategy
B) cost leadership strategy
C) focus strategy
D) differentiation strategy
E) turnaround strategy
Differentiation Strategy
A business approach where a company develops unique products or services to stand out from competitors.
Unique Product
A product that is distinct in its features, functionality, or branding, setting it apart from competitors' offerings.
- Contrast the approaches of cost leadership and differentiation in securing competitive benefits.
Verified Answer
RD
Learning Objectives
- Contrast the approaches of cost leadership and differentiation in securing competitive benefits.
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