Final Answer:
A broad differentiation strategy works best in situations where E. technological change is fast-paced and competition revolves around rapidly evolving product features.
Step-by-step explanation:
In a fast-paced technological environment, companies need to constantly innovate and differentiate their products to stay ahead of the competition. This requires a broad differentiation strategy that focuses on creating unique and innovative features to meet the rapidly evolving customer needs. With fast-paced technological change, companies that can differentiate their products effectively are more likely to succeed in capturing market share and maintaining a competitive edge.
Furthermore, in such an environment, buyer needs and uses of the product are likely to be diverse, requiring companies to offer a wide range of differentiated products to cater to various customer segments. This aligns with the broad differentiation strategy, which emphasizes offering unique features and attributes that appeal to a wide range of customers.
Moreover, in a fast-paced technological landscape, the bargaining power of buyers may be higher as they have access to a variety of innovative products from different competitors. Therefore, a broad differentiation strategy allows companies to create products with unique features that can justify premium pricing, thereby mitigating the impact of buyer bargaining power.
So correc option is option.e