For companies pursuing a differentiation strategy,the frequent introduction of new products is often a key to staying competitive.

Question

Quizplus · Accepted Answer

Companies pursuing a differentiation strategy aim to stand out in the market by offering unique and innovative products or services. Introducing new and unique products frequently is essential to maintain that differentiation and stay competitive in the market. This strategy helps to attract new customers and retain existing ones who are looking for something new and exciting. Therefore, the statement is true.

For Companies Pursuing a Differentiation Strategy,the Frequent Introduction of New