BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The two basic strategies for creating value are ____
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value and cost
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differentiation and low cost
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profitability and profit growth
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R&D and production
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Explanation:
Detailed explanation-1: -There are two main types of differentiation strategies that a business may carry out: a broad differentiation strategy and a focused differentiation strategy.
Detailed explanation-2: -There are two basic types of competitive advantage: cost leadership and differentiation.
Detailed explanation-3: -A pricing strategy in which a company offers a relatively low price to stimulate demand and gain market share.
There is 1 question to complete.