[solved] A broad differentiation strategy is generally not well-suited for which one of the following market circumstances?

When buyer needs and preferences are too diverse to be fully satisfied by a standardized product

When technological change is fast-paced and competition revolves around rapidly evolving product features and attributes.

When the products of rivals are weakly differentiated and price competition among rival firms is vigorous

When there are many ways to differentiate the product or service that have value to buyers

When few rivals are pursuing a differentiation approach that is similar to the one a company is pursuing


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05-09-22 | 16:23:01

correct answer:

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