Firms can choose a differentiation strategy by going after a less competitive, smaller market niche.

Name: Firms can choose a differentiation strategy by going after a less competitive, smaller market niche.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

This is true. This approach can help firms stand out from competitors and establish a unique brand identity. However, it can also limit the firm's potential customer base and require significant investment in research and development to create a differentiated product or service.

Firms Can Choose a Differentiation Strategy by Going After a Less