Question

An entrepreneur is investigating starting a company that provides tax advice to small companies. In order to position his company differently from the existing competitors, the entrepreneur must:

Answer 1

Answer:

b. provide tax advice either in a different manner or provide a different kind of tax service than competitors.

Explanation:

When the company's objective is to position itself in the market differently from competitors, the focus should be on offering a product or service that has different attributes than the competitor.

A differentiated product or service can be defined by presenting innovative features or functions in the market, which generates the desire for the purchase in the customer.

Investing in different attributes for a good or service generates value for the brand and helps to achieve strategic advantages that competitors are unable to achieve.

Therefore, the most suitable alternative for this issue is the letter b, because to position your company differently from existing competitors, the entrepreneur must provide tax advice differently or provide a different type of tax service than competitors.