Which of the following strategies should a company take if it wishes to be a price-setter?

Question

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To be a price-setter, a company needs to offer a unique product that has a distinctive value proposition and is not easily replicated by competitors. By offering a unique product, the company can differentiate itself from competitors and have more control over pricing strategies. This is different from producing a generic mass-market product (A), which can lead to price competition and lower profit margins. Entering a competitive market and cost cutting (B) may help boost profits but may not give the company the ability to set prices. Producing a commodity and outsourcing manufacturing operations (D) also may not provide the company with enough differentiation to be a price-setter.

Which of the Following Strategies Should a Company Take If