Question: QUESTION 3 ( 2 0 Marks ) Standard Bank is one of the largest financial services providers in South Africa, operating a wide range of

QUESTION 3(20 Marks)
Standard Bank is one of the largest financial services providers in South Africa, operating a wide range of banking and financial products and services. The bank has been in the industry for several decades and has achieved a dominant position in the market. As the bank enters the mature stage of the industry life-cycle, the management team is exploring strategies to maintain its competitive advantage
and continue its growth in the highly competitive market.

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