In which one of the following market circumstances is a broad differentiation strategy generally not well suited?

Multiple Choice

when there are many ways to differentiate the product or service and many buyers perceive these differences as having value

when buyer needs and preferences are too diverse to be fully satisfied by a standardized product

when most competitors are using eyecatching ads to set their product offerings apart and build a brand image that is differentiated

when technological change is fast$-$paced and competition revolves around rapidly