ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which two of the following will most likely enable a business to gain a competitive advantage?
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Developing identical products to those of its competitors
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Keeping the price of its products at the same level as its competitors
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Developing unique and interesting promotion strategies
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Setting a high price in a mass market
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Developing new and innovative products
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Explanation:
Detailed explanation-1: -Competitive advantages are attributed to a variety of factors including cost structure, branding, the quality of product offerings, the distribution network, intellectual property, and customer service.
Detailed explanation-2: -Competition is beneficial to the country’s economy. Competition ensures better prices. Competition favours consumers. Competition is beneficial for companies. Competition favours the creation of companies. Competition promotes innovation. Competition promotes exports. More items
There is 1 question to complete.