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Questions and Answers
What is a key factor in succeeding in any market, particularly globally?
What is a key factor in succeeding in any market, particularly globally?
- Understanding your competitive advantage (correct)
- Offering the lowest price
- Focusing on marketing strategies
- Expanding product range
Which of the following is NOT recommended as a competitive advantage?
Which of the following is NOT recommended as a competitive advantage?
- Market customization
- Reliability
- Service support
- Lowest price (correct)
What are examples of advantages that differentiate a product or service from the competition?
What are examples of advantages that differentiate a product or service from the competition?
- Lowest price and cost
- Expanding product range and promotional support
- Reliability and service support
- Market customization and financing models (correct)
What should be the focus when defining a competitive advantage for a product or service?
What should be the focus when defining a competitive advantage for a product or service?
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