Asked by
Ayanle Mohamed
on Nov 06, 2024Verified
A company that attempts to develop an image or reputation for its product or service that sets the company apart from its competitors most likely uses a _____.
A) diversification strategy
B) differentiation strategy
C) stability strategy
D) defender strategy
Differentiation Strategy
A company that uses a differentiation strategy attempts to develop an image or reputation for its product or service that sets the company apart from its competitors.
Diversification Strategy
A business approach where a company broadens its range of products or markets to reduce risk and increase potential for growth.
- Identify strategies used by organizations in response to different market and competitive conditions.
Verified Answer
SC
Learning Objectives
- Identify strategies used by organizations in response to different market and competitive conditions.
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