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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 • A: Leads to low awareness. • C: Exit strategy. • D: Internal cost strategy. • E: Unrealistic approach. Banking Example: Unique digital features for savings account.

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