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      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.

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