BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A company offers unique products that are widely valued by customers, it is likely to follow a differentiation strategy. Differentiation strategy, as the name suggests, is the strategy that aims to distinguish a product or service, from other similar products, offered by the competitors in the market.

Detailed explanation-2: -A product differentiation strategy involves identifying and communicating the unique qualities of a product or company while highlighting the distinct differences between that product or company and its competitors.

Detailed explanation-3: -A differentiation strategy is an approach businesses develop by providing customers with something unique, different and distinct from items their competitors may offer in the marketplace. The main objective of implementing a differentiation strategy is to increase competitive advantage.

Detailed explanation-4: -Differentiation Strategy Defined Your differentiation strategy is the way in which you make your firm stand out from otherwise similar competitors in the marketplace. Usually, it involves highlighting a meaningful difference between you and your competitors. And that difference must be valued by your potential clients.

Detailed explanation-5: -2. Differentiation focus strategy: This approach offers a specialized product to a specific market segment rather than the entire field. A luxury electric vehicle-if offering notable advantages in quality and functionality that justify the high prices-would be a type of differentiation focus strategy.