Which Type of Firm Can Use a Generic Business Strategy

question 30

Multiple Choice

Which type of firm can use a generic business strategy?

• A)any firm regardless of the product or industry
• B)reseller
• C)low-cost producers
• D)discount firm

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Definitions:

Early Adopters

Individuals or businesses who use or adopt new products, services, or technologies before the majority of the population does.

Product Life Cycle

The cycle through which every product goes through from introduction to withdrawal or eventual demise.

Olay Beauty Products

A brand of skincare products by Procter & Gamble, offering a range of items intended for various skin types and concerns.

Micro-Sculpting Cream

A skincare product formulated to reduce the appearance of wrinkles and fine lines, often touted for its ability to "sculpt" or define facial contours.