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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]3 years ago
6 0

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.

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