Which strategy can be profitable for an organization when customers are loyal and willing to pay high prices?
A) Focus
B) Globalization
C) Overall cost leadership
D) Differentiation
E) Liquidation

Question

Quizplus · Accepted Answer

Differentiation strategy involves offering unique and superior value to customers through product differentiation, superior quality, or exceptional service. In a market where customers are loyal and willing to pay high prices, differentiation can be a profitable strategy as the organization can charge premium prices for its unique offerings.

Which Strategy Can Be Profitable for an Organization When Customers