BUSINESS ADMINISTRATION
BUSINESS POLICY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
differentiation.
|
|
|
resources exploitation.
|
|
|
cost leadership.
|
|
|
focus.
|
Detailed explanation-1: -Four generic business-level strategies emerge from these decisions: (1) broad cost leadership, (2) broad differentiation, (3) focused cost leadership, and (4) focused differentiation . In rare cases, firms are able to offer both low prices and unique features that customers find desirable.
Detailed explanation-2: -According to Porter’s Generic Strategies model, there are three basic strategic options available to organizations for gaining competitive advantage. These are: Cost Leadership, Differentiation and Focus.
Detailed explanation-3: -The answer is 5) A market share dominator strategy. The strategy to dominate market share is not one of Porter’s generic strategies for competition. The key generic types of competitive strategy are the best-cost provider, low-cost provider, differentiation, and focused low-cost.