One of the Big Dangers in Crafting a Competitive Strategy

question 11

True/False

One of the big dangers in crafting a competitive strategy is that managers, torn between the pros and cons of the various generic strategies, will opt for "stuck in the middle" strategies that represent compromises between lower costs and greater differentiation and between broad and narrow market appeal.Explain your answer.

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Definitions:

Output

The total amount of goods or services produced by a company or country.

TVC

Total Variable Cost, the sum of all variable costs (costs that vary with production volume) associated with producing a specific quantity of a good or service.

Output

The total amount of goods or services produced by a company, industry, or economic system.