Why Are Differentiation and Cost-Leadership Strategies Referred to as Generic

question 95

Multiple Choice

Why are differentiation and cost-leadership strategies referred to as generic business strategies?

• A) They can be simultaneously pursued by a firm without any trade-offs.
• B) They can be used by any organization independent of industry context.
• C) They require similar strategic positions in order to increase a firm's chances to gain competitive advantage.
• D) They can be applied only by businesses, which have a competitive advantage.

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Definitions:

Liao Dynasty

A dynasty that ruled over parts of Northern China and Mongolia from 907 to 1125, known for its cultural diversity and significant contributions to Chinese art and architecture.

Northern Wei

A dynasty in China (386–535 AD) known for significant advances in art, especially in the development of Buddhist sculpture.

Longmen Caves

A series of Chinese Buddhist cave temples located in Luoyang, China, famous for their vast collection of statues and reliefs.

Mount Wutai

A sacred Buddhist mountain located in Shanxi Province, China, known for its temples and spiritual significance.