Product features can be copied in instant

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Reference no: EM133664350

Question

As barriers to entry tumble, product features can be copied in an instant. Even service offerings in many industries have become commoditized. Once a company has demonstrated that demand for something exists, competitors quickly move in. How should a company respond when the environment is shifting like this? Group of answer choices Focus on building or re-building strong relationships with customers. Focus on early stage innovation. Focus on solutions to customer problems. Focus on arenas instead of industries.

Reference no: EM133664350

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