Multiple Choice
The keys to maintaining a broad differentiation strategy are:
A) to stress constant innovation to stay ahead of imitative rivals and to concentrate on a few differentiating features.
B) to charge a premium price that more than covers the extra costs of differentiating features and to convince customers to be brand loyal.
C) to out-innovate and out-advertise rivals.
D) to emphasize personalized customer service and to add as many differentiating features as possible.
E) to keep prices close to the average of all rivals and to spend heavily on new product R&D.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: What market conditions and circumstances make a
Q30: The chief difference between a low-cost provider
Q31: Which one of the five generic competitive
Q46: A broad differentiation strategy improves profitability when<br>A)it
Q74: A pitfall to avoid in pursuing a
Q77: What is the difference between a low-cost
Q80: Which of the following is NOT one
Q81: A low-cost provider's product does NOT have
Q82: Success with a best-cost provider strategy designed
Q84: Brands create customer loyalty,which in turn:<br>A) increases