Which of the following conditions is well suited to the adoption of a business-level strategy based on differentiation? Buyer preferences and uses for the product are diverse Few ways to differentiate the product or service in ways valuable to consumers A number of rivals follow the same competitive approach Technological change is slow-paced Question 5 (2 points) In terms of insulating from competitive pressures, which of the following is a benefit of effective cost leadership? Ability to deter new entrants, given high levels of efficiency from scale economies Brand loyalty to acceptable attributes raises entry barriers and decreases the price sensitivity of buyers Acceptable features position a cost leader against the threat of product substitutes Quality in manufacture allows company to integrate backwards into sources of supply, thereby limiting supplier leverage