📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    If a bank introduces blockchain-based cross-border

    payment service, it reflects:
    A Product elimination Correct Answer Incorrect Answer
    B Innovation strategy Correct Answer Incorrect Answer
    C Harvesting strategy Correct Answer Incorrect Answer
    D Undifferentiated targeting Correct Answer Incorrect Answer
    E Price leadership Correct Answer Incorrect Answer

    Solution

    Innovation strategy introduces new technology-driven services to gain competitive advantage.  Why Other Options Are Incorrect • A: Removing product. • C: Profit extraction stage. • D: Same offering for all. • E: Cost-based strategy.  Banking Example: Blockchain remittance services.

    Practice Next
    More Basics of Marketing Management Questions

    Relevant for Exams:

    ask-question