Question

What are three of the most reliable ways a company can distinguish itself in the marketplace, build customer loyalty, and achieve a competitive advantage

Answer 1

1) low-cost provider strategy

2) low-cost strategy

3) broad differentiation strategy

Step-by-step explanation:

A company applies a low-cost provider strategy when it's able to sell its products at the lowest price among competitors while still making a profit. Also, by using a broad differentiation strategy a company could offer a unique variety of products that would distinguish itself in the marketplace.

A good example of a company that uses the above strategy is Microsoft.