Question $50(2$ points$)$

Which of the following is the most effective strategy for a market leader looking to

protect its market share against aggressive competition?

Focus entirely on reducing prices to undercut competitors, regardless of product

quality.

Offer unique products or services that stand out from competitors, allowing it to

charge premium prices.

Engage in unconventional marketing practices to create and sustain competitive

advantages.

Focus on building deep, long$-$term relationships with customers by offering

personalized products, services, and experiences tailored to their specific needs.

Increase product innovation, enhance customer service, and invest in brand

marketing to strengthen customer loyalty.