A differentiation strategy helps break barriers to entry that protect the firm and its industry from new competition.

Question

Quizplus · Accepted Answer

A differentiation strategy focuses on creating unique products or services to stand out from competitors, but it does not directly address barriers to entry. Barriers to entry are factors that prevent new competitors from easily entering an industry, such as high startup costs or regulatory requirements.

A Differentiation Strategy Helps Break Barriers to Entry That Protect