competitive strategy

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The five Competitive Strategies; Low Cost Provider Broad Differentiation Focused Low Cost Focused Differentiation Best Cost Provider All of these 5 competitive strategies are used to get ahead and create an advantage over all a company 's rivals Low cost is when a company provides the overall lower cost than other rivals in the industry. There products are targeted to a large number of different clients. It is not focused. It could be targeted to girls, boys, women, men, old, young, single, married, anyone. This company charges a lower price than others firms and they have overall lower production costs and other types of costs. The quality may not be the highest but you have a lower price Broad Differentiation is a…show more content…
This product is also targeted to a large target market. It is not focused. It could be targeted to girls, boys, women, men, old, young, single, married, anyone. Focused low cost and Focused differentiation is the same as the above two strategies but they are focused to specific customers or a specific target market Best Cost Strategy is a combination of the first two strategies The five Competitive Strategies; Low Cost Provider Broad Differentiation Focused Low Cost Focused Differentiation Best Cost Provider All of these 5 competitive strategies are used to get ahead and create an advantage over all a company 's rivals Low cost is when a company provides the overall lower cost than other rivals in the industry. There products are targeted to a large number of different clients. It is not focused. It could be targeted to girls, boys, women, men, old, young, single, married, anyone. This company charges a lower price than others firms and they have overall lower production costs and other types of costs. The quality may not be the highest but you have a lower price Broad Differentiation is a strategy used when you provide a different product than rivals. The product would be relatively unique and of a high quality. That would set them apart from its rivals. It may be more expensive but consumers feel as if they are getting their money 's worth for a high quality product which is different than others. This firm offers something that other
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