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      Question

      Which strategy is most suitable when launching a new

      banking service in a highly competitive market?
      A No promotion Correct Answer Incorrect Answer
      B Strong differentiation Correct Answer Incorrect Answer
      C Market withdrawal Correct Answer Incorrect Answer
      D Cost elimination Correct Answer Incorrect Answer
      E Ignoring competitors Correct Answer Incorrect Answer

      Solution

      In competitive markets, differentiation helps attract customers and avoid price wars. Why Other Options Are Incorrect β€’ A: Leads to low awareness. β€’ C: Exit strategy. β€’ D: Internal cost strategy. β€’ E: Unrealistic approach. Banking Example: Unique digital features for savings account.

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