A market challenger's success depends on combining several strategies to improve its position over time.

Name: A market challenger's success depends on combining several strategies to improve its position over time.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Yes, a market challenger needs to implement a combination of different strategies such as cost leadership, differentiation, focus, and innovation to improve its position in the market over time. Simply using one strategy may not be sufficient to overcome strong competitors.

A Market Challenger's Success Depends on Combining Several Strategies to Improve