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Business Strategy MCQs

Define a Differentiation Strategy

Charging high prices for a product

Constantly reinforcing to consumers the reasons why you are superior compared to your competitors

Be the leader in an industry by keeping your costs down

A company that has a competitive advantage related to its products or services that make itself unique when compared to products or services of other traditional companies.

Answer

Correct Answer: A company that has a competitive advantage related to its products or services that make itself unique when compared to products or services of other traditional companies.

Explanation:

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