Question

According to porter, the three competitive positions that businesses pursue to gain and maintain competitive advantage in product-markets are?

Answer 1

According to Porter, the three competitive positions that businesses pursue to gain and maintain a competitive advantage in product markets are: A. maintaining a secure position in a relatively stable product, offering a limited range of products, and protecting its domain by offering lower prices.

Competitive positioning makes you, your company, product or service stand out from your competitors. You need to identify what differentiates your business and how it adds value to your customers and clients. This information is used to develop marketing and branding plans.

The four main positions that brands typically occupy in the market are market leader, market challenger, market follower, and market niche. Depending on your broad brand position, your attacks on your competitors may differ.

competitors positioning relates to how strong a brand is in the customer's mind, what the company's message is, and how an organization sees itself in the market. Selling great products and services alone is not enough to guarantee business success.

Learn more about the competitive market here: brainly.com/question/25717627

#SPJ4