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Vlada [557]
3 years ago
6

Trying to be all things to all people leads to highest-common-denominator positioning, which is typically effective.True or Fals

e?
Social Studies
1 answer:
SVETLANKA909090 [29]3 years ago
3 0

Answer: False.

Explanation:

Trying to be all things to all people leads to LOWEST-common-denominator positioning, which is usually ineffective.

A successful business would rather be specific things to specific people, acknowledging that to be the right choice for a customer means to be the wrong one for another. The desire to make something attractive to everyone means making it not perfect for anyone: the lowest common denominator.

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Also, both companies could have a working arrangement where they act as an oligopoly and dominate the solar power industry in that particular market. Although, more companies brings more competition, when there aren't a multiplicity of  competitors, there is always the danger that the few businesses will band together and operate as one entity where they set specific prices, standards of service and technological advances introduced. They would only superficially be competing with each other. In this arrangement, the consumers would endure the same standard as having one entity dominating the market.

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3 years ago
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