Which of the following is a key characteristic of a product differentiation strategy?

A. Introducing new products to existing markets

B. Entering new markets with existing products

C. Increasing market share for existing products in existing markets

D. Expanding into new geographic regions

A. Market penetration

B. Market skimming

C. Competitive pricing

D. Cost-plus pricing

A. Directly sell products to customers

B. Create valuable and relevant content to attract and engage a target audience

C. Increase short-term sales through promotions

D. Develop new product lines

A. Reduced distribution costs

B. Greater control over the marketing process

C. Increased market reach

D. Improved customer relationships

A. Reducing product development time

B. Enhancing customer relationships

C. Increasing production efficiency

D. Lowering distribution costs

A. A declaration of the company's core purpose and focus

B. A financial forecast for the next fiscal year

C. A detailed plan for marketing activities

D. A list of products and services offered

A. It may lead to initial losses

B. It discourages competitors from entering the market

C. It is difficult to implement

D. It attracts a large number of customers quickly