What will occur when a Differentiation Strategy works best?

Question

What will occur when a Differentiation Strategy works best?

Answer 1

When a Differentiation Strategy Works finest

Differentiation strategies tend to work most excellent in market condition where:

a. There are lots of ways to differentiate the service or product and many purchasers perceive these differences as having value.

b. Buyer requirement and uses are diverse.

c. Few rival firms are following a same differentiation approach.

d. Technological alters and product innovation is fast-paced and competition revolves around quickly evolving product features.

KEYCONCEPT: Any differentiating feature that works fine tends to draw imitators.