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10 April, 18:02

Which strategic approach tends to work best when price competition among rival sellers is vigorous, the market is large, and there are few ways to achieve product differentiation?

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  1. 10 April, 22:01
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    Answer: A low-cost provider strategy

    Explanation:

    The low-cost provider strategy is a marketing strategy where the marketer makes his product the lowest priced in a very competitive market while still being able to make profit.

    The low-cost provider strategy would be the best sales strategy in a price competitive market, as it would draw most buyers to the seller.
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