Question

Broad differentiation strategies are well-suited for market circumstances where:

A. there are many ways to differentiate the product or service that have value to buyers.
B. most buyers have the same needs and use the product in the same ways.
C. technological changes are slow-paced.
D. barriers to entry are high and suppliers have a low degree of bargaining power.
E. price competition is especially vigorous.

Answer 1

Broad differentiation strategies are well-suited for market circumstances where there are many ways to differentiate the product or service that have value to buyers(option A).

Step-by-step explanation:

Broad differentiation strategies are well-suited for market circumstances where there are many ways to differentiate the product or service that have value to buyers. This means that the product or service can be unique and offer something different from competitors. For example, Apple differentiates its iPhones by focusing on sleek design and user-friendly interfaces.

On the other hand, if most buyers have the same needs and use the product in the same ways, a broad differentiation strategy may not be as effective. In this case, a company might need to focus on cost leadership or niche market targeting.

Therefore, the correct option for this question is A. there are many ways to differentiate the product or service that have value to buyers.