Broad differentiation strategies are well-suited for market circumstances where, in a given region or country, there is no strong competitor and the company can afford to invest in product development. This strategy is often successful because it addresses consumers’ needs through innovation rather than just price competition. Keywords: broad differentiation strategies, market circumstances, broad differentiation strategies are well-suited for , market circumstances where, in a given region or country, there is no strong competitor – this strategy is often successful because it addresses consumers’ needs through innovation rather than just price competition. The broad differentiation strategy can be employed when the company finds itself in a market with few competitors and ample funds for product development. This strategy works well when addressing customers’ needs via innovation instead of low prices. Broad differentiation strategies are also well suited to regional markets where brands need to stand out from their rivals for any chance at success—hence “differentiation advantage” being one of the key requirements that investors look for before backing new businesses. This type of approach ensures that brand equity can grow rapidly without diluting its competitive
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