If a business wishes to offer a product or service similar to one that is already in the market,they should

Question

Quizplus · Accepted Answer

Competing solely on price or making the product look the same as existing products may not be effective in creating a strong market position. Instead, businesses should try to create a competitive advantage by offering unique features, better quality, better customer service, or better marketing strategies. This can help differentiate the product or service from existing ones and attract customers.

If a Business Wishes to Offer a Product or Service