________ is a competitive strategy for creating brand loyalty by developing new and unique products and services that are not easily duplicated by competitors.
A)Product differentiation
B)Low-cost leadership
C)Focusing on market niche
D)Strengthening customer intimacy
E)Strengthening supplier intimacy

Question

Quizplus · Accepted Answer

Product differentiation is a competitive strategy where a company develops unique products and services that are not easily replicated by competitors. This leads to brand loyalty as customers are drawn to the unique features and benefits offered by the product, setting it apart from other offerings in the market.

________ Is a Competitive Strategy for Creating Brand Loyalty by Developing