Lucy Inc.sells a range of premium confectionery products.Although Lucy's products are priced a little higher than those of its competitors,its customers are ready to pay for its unique flavours.Lucy Inc.uses the ________ strategy to gain an advantage over its competitors.

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Lucy Inc. is charging a premium for their products due to their unique flavors, which suggests that they are using a differentiation strategy. This strategy involves creating a unique product or service that is valued by customers and differentiates the company from its competitors. Cost leadership involves offering a product at a lower cost than competitors, stuck-in-the-middle strategy involves not having a clear strategy and trying to compete on multiple fronts, focused cost leadership involves offering a low-cost product to a specific market segment, and co-opetition involves working with competitors to create mutual benefits.

Lucy IncSells a Range of Premium Confectionery Products