A __________ strategy can reduce rivalry with competitors and fight off the threat of substitute products because customers are loyal to the company's brand.
A) focus
B) globalization
C) cost leadership
D) differentiation
E) diversification

Question

Quizplus · Accepted Answer

A differentiation strategy involves creating a unique and valuable product or service that sets a company apart from its competitors. This can lead to strong customer loyalty and less competition based solely on price, which can reduce rivalry with competitors and make it harder for substitute products to compete.

A __________ Strategy Can Reduce Rivalry with Competitors and Fight