Offering superior customer value is especially important when competition is intense.

Question

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When competition is intense, customers have more options and are more likely to compare prices and features of different products or services. In order to stand out and retain customers, businesses must offer superior value and benefits that are both relevant and competitive. This can include factors such as quality, convenience, customer service, and overall experience. By focusing on customer value, businesses can differentiate themselves from competitors and build long-term loyalty and profitability.

Offering Superior Customer Value Is Especially Important When Competition Is