GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Franchising
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Online shopping
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Branching into a new field of business
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Extending opening hours
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Detailed explanation-1: -Four generic business-level strategies emerge from these decisions: (1) cost leadership, (2) 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: -Organizational (Corporate) Strategy. Business (Competitive) Strategy. Functional Strategy. Operating Strategy. 07-Apr-2022
Detailed explanation-3: -Step 1: Focus on your core product. Step 2: Keep your pitch simple. Step 3: Stay true to who you are. Step 4: Map it. Step 5: Utilize marketing tools that work best for you. Step 6: Implement a plan of action. Step 7: Exercise the plan. 03-Nov-2003
Detailed explanation-4: -Regurgitating last year’s plan. Not keeping the plan short and simple. Not defining the customer and their needs. Not thinking about competitors and market trends. Not getting buy-in from others. More items