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Why do you think competing businesses endeavor to differentiate? How can external factors regulate the nature...

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General Management

Why do you think competing businesses endeavor to differentiate?How can external factors regulate the nature of competition withinan industry? in 250-350 words

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3.6 Ratings (359 Votes)
Product differentiation is crucial in todays money climate It permits the vendor to distinction its own product with competitive product within the market and emphasize the distinctive aspects that create its product superior once used with success sellers gain a competitive advantage by demonstrating why their product square measure distinctive A good product differentiation strategy could gain    See Answer
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