It Is Quite Natural to Combine Cost Leadership and Differentiation

question 8

Multiple Choice

It is quite natural to combine cost leadership and differentiation strategies

• A)into a strategy where you focus on doing both.
• B)no: porter says they are mutually exclusive.
• C)if you do, you will probably end up being 'stuck in the middle'.
• D)b and c.

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Definitions:

Supply

The number of products—goods and services—that businesses are willing to sell at different prices at a specific time.

Demand

The number of goods and services that consumers are willing to buy at different prices at a specific time.

Profits

The financial gain that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.