An automobile company decides to boost the standard of its products and produce more variety into its entire merchandise. the corporate has decided to adopt Industry wide Differentiation.
Industry-wide differentiation may be a technique employed by companies after they diversify their line of products to achieve unexplored sectors of the market and increase their chances of collecting higher revenue. Normally, this practice is dispensed by large entities with enough funds for investment and covering risks. Therefore an automobile company decides to boost the standard of its products and convey more variety into its entire line of products. the corporate has decided to adopt Industry wide Differentiation
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