XYZ is a detergent company that operates in Senegal. It is thinking of expanding its operations to Lebanon. After conducting an external analysis, Lebanon is found to be flooded with detergent companies and the industry growth rate is near zero. In order to tackle this situation, XYZ decides to sell higher concentration detergents than what's available in the market. Which strategy is XYZ using? * O Vertical backward integration O Process innovation O Product refinement Niche strategy

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
icon
Related questions
Question
XYZ is a detergent company that
operates in Senegal. It is thinking of
expanding its operations to Lebanon.
After conducting an external analysis,
Lebanon is found to be flooded with
detergent companies and the
industry growth rate is near zero. In
order to tackle this situation, XYZ
decides to sell higher concentration
detergents than what's available in
the market. Which strategy is XYZ
using? *
Vertical backward integration
Process innovation
Product refinement
Niche strategy
Transcribed Image Text:XYZ is a detergent company that operates in Senegal. It is thinking of expanding its operations to Lebanon. After conducting an external analysis, Lebanon is found to be flooded with detergent companies and the industry growth rate is near zero. In order to tackle this situation, XYZ decides to sell higher concentration detergents than what's available in the market. Which strategy is XYZ using? * Vertical backward integration Process innovation Product refinement Niche strategy
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
Recommended textbooks for you
Principles Of Marketing
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
Marketing
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing: An Introduction (13th Edition)
Marketing
ISBN:
9780134149530
Author:
Gary Armstrong, Philip Kotler
Publisher:
PEARSON
MKTG 12:STUDENT ED.-TEXT
MKTG 12:STUDENT ED.-TEXT
Marketing
ISBN:
9781337407595
Author:
Lamb
Publisher:
Cengage
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning