Which of the following is incorrect regarding how a differentiation strategy can help a firm to...
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Which of the following is incorrect regarding how a differentiation strategy can help a firm to improve its competitive position relative to the Porter five forces model? a. It reduces buyer power because buyers lack comparable alternatives. b. By increasing firm margins, it avoids the need for a low-cost position. c. Supplier power is increased, because suppliers will be able to charge higher prices for their inputs. d. Firms will enjoy high customer loyalty. Which of the following is incorrect regarding how a differentiation strategy can help a firm to improve its competitive position relative to the Porter five forces model? a. It reduces buyer power because buyers lack comparable alternatives. b. By increasing firm margins, it avoids the need for a low-cost position. c. Supplier power is increased, because suppliers will be able to charge higher prices for their inputs. d. Firms will enjoy high customer loyalty.
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Managerial Economics A Problem-Solving Approach
ISBN: b00btm8fk0
2nd Edition
Authors: Luke M. Froeb, Brain T. Mccann
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