CLEP Marketing

Category - Positioning

Researchers Treacy and Wiersema differentiated positioning into three main components as follows:
  1. Product leadership; Operational superiority; Customer intimacy
  2. Product leadership; Financial superiority; Competitive advantage
  3. Financial superiority; Competitive advantage; Marketplace position
  4. Operational superiority; Customer intimacy; Brand value
  5. Customer intimacy; Brand value; Operational superiority
Explanation
Answer: A - Researchers Treacy and Wiersema differentiated positioning into three main components as follows: product leadership; operational superiority; customer intimacy. Product leadership means that the company is offering the best product in its class. For example, BMW can claim that its sports utility vehicles have the best safety records in their class. Operational superiority denotes that the company provides a wide range of products and product lines, which makes it a highly productive company. Finally, customer intimacy refers to a company’s ability to recognize and meet the needs of individuals.
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