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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. ┬аWhy Other Options Are Incorrect тАв A: Removing product. тАв C: Profit extraction stage. тАв D: Same offering for all. тАв E: Cost-based strategy. ┬аBanking Example: Blockchain remittance services.

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