A firm that follows the differentiation strategy is protected from the threat of new entrants primarily due to its

Question

Business

Leandro

3 August, 00:39

A firm that follows the differentiation strategy is protected from the threat of new entrants primarily due to its

+4

Answers (1)

Know the Answer?

Antoine Rollins · Answer 1

A firm that follows the differentiation strategy is protected from the threat of new entrants primarily due to its reputation for quality.

Differentiation strategy refers to a strategy that a company employs where it has products that are loved and approved by the customers - they take their customers' opinions into consideration, which is why the quality of their products is above their competitors' level.