214k views
4 votes
Aside from low-cost strategy, describe other methods that businesses can use to differentiate their products.

1 Answer

2 votes

Aside from low cost strategy, there are more other methods that will help business in differentiating their products.

· Exploring new markets – This where the market concentrates on their fellow contenders.

· Partnership with other firms – It is a way of teaming up with other organizations which will be of benefit for the products that is being sold by the company.

· Innovation – It is a way of asking higher price compared to other companies when new features of the product is being added as consumers will most likely want to buy something new and fresh.

· Propose amplified provision – Different services are being applied for the sake of consumers so that more consumers will be attracted to the product.

User Vicnoob
by
8.4k points