Porter’s competitive strategies of cost leadership and differentiation focus on ____ markets, while the cost-focus and focused-d

Question

xxTIMURxx [149]

3 years ago

6

Porter’s competitive strategies of cost leadership and differentiation focus on ____ markets, while the cost-focus and focused-d

ifferentiation strategies focus on ____ markets.

Business

1 answer:

Artyom0805 [142] · Answer 1 · 2022-01-18T08:49:08+03:00

Answer:

WIDE

NARROW

Porter’s competitive strategies of cost leadership and differentiation focus on WIDE markets, while the cost-focus and focused-differentiation strategies focus on NARROW markets.

Explanation:

Porter’s competitive strategies of cost leadership and differentiation focus on WIDE markets, while the cost-focus and focused-differentiation strategies focus on NARROW markets.

Differentiation refers to a firm's ability to create a good or service that is distinct from other product. This strategy leads to having or creating brand image, which allows the organization to sell its products or services at a premium

Cost leadership relates to a firm's ability to create economies of scale by producing a large volume of goods or service.