Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The chief difference between a broad differentiation strategy and a focused differentiation strategy is the degree to which the product is differentiated from the product
The chief difference between a broad differentiation strategy and a focused differentiation strategy is
the degree to which the product is differentiated from the product offerings of rivalsa broad differentiation strategy emphasizes capturing the differentiation benefits of a large number of value drivers whereas a focused differentiation strategy concentrates on capturing the differentiation benefits of just one or two occasionally as many as three value drivers.
the number of differentiating attributes incorporated into the product offeringa broad differentiation strategy entails having many differentiating features and attributes while a focused differentiation strategy is concentrated on just a few differentiating features and attributes.
the size of the buyer group that a company is trying to appeal toa broad differentiation strategy is aimed at many buyer groups and market segments and a focused differentiation strategy is aimed at appealing to the unique preferences and needs of a narrow, welldefined group of buyers or market segment.
the number of upscale attributes incorporated into the product offeringa broad differentiation strategy entails having a bigger number of upscale attributes than does a focused differentiation strategy.
the type of value chain being used to achieve a differentiationbased competitive advantagea broad differentiation strategy requires a more complex and sophisticated value chain than does a focused differentiation strategy.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started