Skip to main content
S

Sigrid O'Kon

Feb 20, 2025

Broad differentiation strategies generally work best in market circumstances where: Select one: a. Buyer needs and preferences are

Broad differentiation strategies generally work best in market circumstances where: Select one: a. Buyer needs and preferences are too diverse to be fully satisfied by a standardized product b. Most buyers have similar needs and use the product in the same way c. Buyers are price sensitive d. The costs of a buyer switching to another product are low
0
Save

4 Answers

M
A. buyer needs and preferences are too diverse to be satisfied by standardized productExplanation:A broad differentiation strategy can be employed by a company when they want to differentiate products or services that appeal to a large number of buyers. They are adopted to be unique by the company.This strategy tends to make a companies product different from the similar products of competitors. A product can be differentiated by the form, size, shape etc. And also the performance quality of a production can be used to differentiate. The ultimate goal of this strategy is to archive a competitive advantage when they offer unique product to their customers.... Show More
0
M
a. Buyer needs and preferences are too diverse to be fully satisfied by a standardized product Explanation:Broad differentiated strategies are strategies employed by a company in a competitive market, which involves the production of a similar product produced by other competitors, but is produced in such a way that it is unique and distinct from other similar products in the market. This helps the company to distinguish it's products from the rest as it gains a competitive advantage over other competitors in the market.Broad differentiated strategy is usually effective in a competitive market that has a broad range of customer preferences, in order words, it would work best in market situations where the needs and preferences of buyers are too diverse to be fully satisfied by a standardized product.  ... Show More
0
M
answerboth the short run phillips curve and the aggregate demand and aggregate supply model... Show More
0

Want to answer this question?

Join our community to share your knowledge!

Log in Sign up

Categories

Tags

Related Questions

10
Broken double glazed window?

Need to replace glass in one double glazed window.Would I be right in saying all I need to do is take out rubber beading...

6
3
Brown Office Supplies recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation.

Brown Office Supplies recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and $1,750...

7
Bruise from a hickey on nipple!!?

I have a bruise on my nipple from a hickey...just wondering if it's ok...or is this dangerous?

6
Bullet through block problem?

A bullet with a mass of 6.00 g is fired through a 1.25 kg block of wood on a frictionless surface. The initial speed of...

5
Bullets have only class characteristic, not individual characteristics. true or false

Bullets have only class characteristic, not individual characteristics. true or false

3
Burning smell inside car?

When I got in to my car this morning I noticed an odd smell. I can’t quite place it, but it burns your nostrils. My car...

1
1
business class questions? please help!?

1. Interest is:a. a charge for lending money to a bankb. the amount owed for borrowing moneyc. the amount added into you...

3
BusyBody Company expects its November sales to be 20​% higher than its October sales of $ 160 comma 000. Purchases were $ 90 comma

BusyBody Company expects its November sales to be 20​% higher than its October sales of $ 160 comma 000. Purchases were...