What entails developing schematic representations that reflect how your products or services compare to competitors' on dimensions most important to success in the industry?
A) Positioning
B) Segmentation
C) Penetration
D) Diversification
E) Budgeting

Question

Quizplus · Accepted Answer

Developing schematic representations that reflect how your products or services compare to competitors' on dimensions most important to success in the industry is known as positioning. This involves understanding the competitive landscape and identifying ways to differentiate your product or service from others in the market.

What Entails Developing Schematic Representations That Reflect How Your Products