A product proliferation strategy can be used to lower the entry barriers in a mature industry.

Name: A product proliferation strategy can be used to lower the entry barriers in a mature industry.
Brand: Quizplus
Rating: 4.7 (41 reviews)

Question

Quizplus · Accepted Answer

A product proliferation strategy, which involves increasing the number of products a company offers, is typically used to saturate the market and create barriers to entry, rather than lower them. It makes it harder for new entrants to find a niche or gap in the product offerings.

A Product Proliferation Strategy Can Be Used to Lower the Entry