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What type of differentiation could give an organization political and legal advantages in the market place?
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What are the advantages and disadvantages of product differentiation?
Advantages of product differentiation include creating a unique selling proposition, building brand loyalty, and allowing for higher pricing potential. However, it can also increase production costs, make it challenging to meet changing consumer preferences, and intensify competition in the market.
Is Product differentiation exists in a market characterized by monopolistic competition?
Yes
What are the advantages and disadvantagesof a market economy?
advantages and disadvantages of market economy
What is an industry that offers the least opportunity for product differentiation and market segmentation?
oil and gas
What is internal analysis?
Internal Analysis of strengths and weaknesses focuses on internal factors that give an organization certain advantages and disadvantages in meeting the needs of its target market.
What is more important to an organization market share or market growth and why?
Market growth is important to any organization than market share because it shows progression.
How do you increase market share?
Following points are worth noting to increase market share: Increased advertisement. Customer preferences. Improved quality. Product differentiation. Market segmentation.
What is market externality?
It is the forces outside of an organization that control a market.
Why do organization undertake market research?
market size to check
Why market is segmented?
If the market is segmented the organization can clearly identify the targeted market, and also it is possible to allocate or concentrate the organizations resources to the target market, and through which the organization can maximize the profit.
What are Advantages of recession?
it will be buyers market
Advantages of capital market?
it is useful
