Which of the following is the best example of competing on differentiation Strategy?

a. firm produces its product with less raw material waste than its competitors do.

b. A firm offers more reliable products than its competitors do.

c. A firm's products are introduced into the market faster than its competitors' products are.

d. A firm's research and development department generates more new ideas for new products than its competition.

e. A firm advertises more than its competitors do.

Question

Social Studies

Trystan Gill

27 January, 15:12

Which of the following is the best example of competing on differentiation Strategy?

a. firm produces its product with less raw material waste than its competitors do.

b. A firm offers more reliable products than its competitors do.

c. A firm's products are introduced into the market faster than its competitors' products are.

d. A firm's research and development department generates more new ideas for new products than its competition.

e. A firm advertises more than its competitors do.

+3

Answers (1)

Know the Answer?

Arnie · Answer 1

b. A firm offers more reliable products than its competitors do.

Explanation:

Differentiation strategy simply implies that a company's products are 'better than' that of the competition. The products are differentiated in terms of quality and hence are more reliable. This is in opposition to the cost strategy where a company makes cheaper products than that of the competitors.