Product proliferation is a potential strategy used to reduce the threat of potential entry.

Name: Product proliferation is a potential strategy used to reduce the threat of potential entry.
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

Product proliferation involves introducing new products in the market to increase the variety available to consumers and reduce the likelihood of competitors entering the market with similar products. Therefore, it can reduce the threat of potential entry.

Product Proliferation Is a Potential Strategy Used to Reduce the Threat