Which strategic approach tends to work best when price competition among rival sellers is vigorous, the market is large, and the

Question

mamaluj [8]

3 years ago

13

Which strategic approach tends to work best when price competition among rival sellers is vigorous, the market is large, and the

re are few ways to achieve product differentiation?

Business

1 answer:

earnstyle [38] · Answer 1 · 2022-08-18T08:13:08+03:00

Answer: A low-cost provider strategy

Explanation:

The low-cost provider strategy is a marketing strategy where the marketer makes his product the lowest priced in a very competitive market while still being able to make profit.

The low-cost provider strategy would be the best sales strategy in a price competitive market, as it would draw most buyers to the seller.