Asked by Leticia Rubio on Feb 18, 2024
Verified
Delivering existing products and services to existing customers but with unique differentiation is one approach to a business model.
Entrepreneurship
A way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them.
- Recognizing the value of delivering existing products and services to existing customers.
- Identifying the need for unique differentiation to stand out in the market.
- Understanding the importance of differentiation in a business model.
Verified Answer
SJ
Sarah Julianna
Feb 18, 2024
Final Answer :
True
Explanation :
This approach is known as differentiation strategy and can be effective in maintaining a competitive advantage and creating customer loyalty.
Learning Objectives
- Recognizing the value of delivering existing products and services to existing customers.
- Identifying the need for unique differentiation to stand out in the market.
- Understanding the importance of differentiation in a business model.
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