Which of the following is regarding how a differentiation strategy can help a firm to improve its competitive position vis-à-vis Porter's five forces?
A) By increasing a firm's margins, it avoids the need for a low-cost position
B) It helps a firm to deal with supplier power and reduces buyer power since buyers lack comparable alternatives
C) Supplier power is increased because suppliers will be able to charge higher prices for their inputs
D) Firms will enjoy high customer loyalty, thus experiencing less threat from substitutes than its competitors
Correct Answer:
Verified
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Q10: A firm following a focus strategy
A) must
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Q13: High product differentiation is generally accompanied by
A)
Q15: Convincing rivals not to enter a price
Q16: Developing uniqueness that is not valuable is:
A)
Q17: The text discusses three approaches to combining
Q18: The primary aim of strategic management at
Q19: A firm can achieve differentiation through the
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