Karen and Mike currently insure their cars with separate companies, paying $400 and $600 a year. If they insured both cars with
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The strategies the companies are following in each case are;
1)Cost leadership strategy
2)Product differentiation strategy
3) Product differentiation strategy
4) Cost leadership strategy
<h3>What Is Cost Leadership Strategy? </h3>Cost leadership is known to be a kind of a business-level methods that is often used by people or by companies who are interested to gain a competitive advantage by acting as the lowest-cost producer of a product, service, production process, or others.
Therefore, The strategies the companies are following in each case are;
1)Cost leadership strategy
2)Product differentiation strategy
3) Product differentiation strategy
4) Cost leadership strategy
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