Examlex

Solved

What Are the Five Generic Competitive Strategies? Briefly Describe Each

question 54

Essay

What are the five generic competitive strategies? Briefly describe each one and identify the type of competitive advantage that each strategy is aimed at achieving.


Definitions:

Bank Certificate

A document issued by a bank certifying the deposit of money or financial instruments with a certain value.

Budget

An estimate of income and expenditure for a set period of time.

Exhausts

Refers to resources or supplies being completely used up or depleted.

Bananas

A tropical fruit with a yellow skin and soft, sweet flesh, often grown in clusters on large plants resembling trees.

Related Questions