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1 year ago

For a differentiation strategy to strengthen a company's strategic position and boost its competitive advantage, ______.

1 answer:

4 0

For a differentiation strategy to maintain a company's strategic situation and increase its competitive advantage an increase in value creation much surpass the increase in costs.

<h3>How does a differentiation strategy benefit in gaining a competitive advantage?</h3>

Differentiation gives a party two advantages:

-It can allow the firm to charge a premium price for its good or service, should it choose to do so.

-It can help the firm to grow overall need and capture market share from its rival.

A generic strategy attempts to convince clients to pay a premium price for its good or services by supplying unique and desirable features. Using a differentiation strategy suggests that a firm is contesting based on uniqueness, rather than price.

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Acording to the data Luis has $170,000 in his retirement account

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