Ask Question
3 August, 10:27

When a company produces a wide range of products for various customer groups, it is following a strategy. a. cost leadershipb. differentiationc. customer retentiond. market concentration e. share building

+2
Answers (1)
  1. 3 August, 12:36
    0
    Answer: Differentiation

    Explanation:

    Differentiation in production or marketing is the process which involves a production company being able to create some products with distinct features from each other, each product having it's unique valuable features that makes it desirable to it's target market.

    An example of product Differentiation is when a soft drink producing company, produces drinks with high sugar content for it's younger customers and drinks with low sugar content for it's older customers.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When a company produces a wide range of products for various customer groups, it is following a strategy. a. cost leadershipb. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers