Effective differentiation often shields incumbents from competition presented by new entrants and substitutes.

Name: Effective differentiation often shields incumbents from competition presented by new entrants and substitutes.
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Quizplus · Accepted Answer

Effective differentiation allows a company to provide unique value to its customers, making it harder for new entrants or substitutes to compete solely on price. This can create a barrier to entry for new competitors, protecting the incumbent's market share.

Effective Differentiation Often Shields Incumbents from Competition Presented by New