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A company is launching a new product in a market with well-established competitors. How should the marketing strategy address this challenge? Question 4Answer a. Avoid
A company is launching a new product in a market with well-established competitors. How should the marketing strategy address this challenge? Question 4Answer a. Avoid direct competition by targeting a completely different market segment b. Highlight the unique features and benefits of the new product to differentiate it from competitors c. Keep the marketing strategy secretive until the launch to surprise competitors d. Focus on imitating the strategies of the competitors to gain traction quickly
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