Answer:
d. refers to how a firm does something unique to create added value.
Explanation:
The competitive advantage is the advantage that is gained by the company over its competitors. It can be gained through various things like - reasonable product, best quality, and quantity, great services through which the customers of competitors could be the shift to the company.
The motive of this is to create some value added to the company products by considering the innovative ideas to attract the customers and maximize customer satisfaction that results to accomplish the company goals and objectives.
Answer: The product life cycle of a unique marketing can be characterized by introduction, growth, maturity and decline.
Explanation:
The product life cycle of a unique marketing can be characterized by introduction, growth, maturity and decline.
Introduction; This is viewed as an entry level into the market. Where the goods begin to gain a little recognition
Growth; this is described as a movement from introduction to a fast or slow consistent rapid growth of the product in the market.
Maturity; is described as the growth from the growth category, where the product gain some market stability and is now known by the public.
Decline; is the stage of slow and loss of recognition in the market space which could be caused by lack of creativity or consistency drop
While some products may stay in a prolonged maturity state, all products eventually phase out of the market due to several factors including saturation, increased competition, decreased demand and dropping sales
