As a basic rule of thumb, business owners should differentiate their products as much as possible when:
A)costs are high.
B)costs are low.
C)price competition is subdued.
D)price competition is intense.

Question

Quizplus · Accepted Answer

When price competition is intense, differentiation becomes crucial in order to stand out from competitors and offer a unique value proposition to customers. This can help a business maintain market share and profitability despite pricing pressures from competitors.

As a Basic Rule of Thumb, Business Owners Should Differentiate