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Price Sensitivity as a Strategic Advantage
Recognizing and targeting a less price-sensitive niche can lead to long-term success, creating a significant barrier to entry for competitors, enabling rapid growth and establishing market dominance. Utilizing price sensitivity as a form of competitive advantage can be a strategic move, particularly in industries where building trust, gaining traction, and generating revenue quickly are challenging. While it may not be easily replicable in all situations, it can serve as a valuable lesson in business strategy and market positioning.