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the five generic competitive strategies are essentially derived from choices made about multiple choice question. marketing strategy and product placement in various competitive situations. geographic coverage and product mix. pricing strategy and profit margins. market coverage and the type of competitive advantage pursued.

Respuesta :

Cost leadership, differentiation, and focus are the generic techniques that make up GCS. The two types of cost leadership and emphasis are then separated. A business may decide on a strategy to gain a competitive edge.

Market Coverage: Being present across a wide array of market segments.

Strategies for broad differentiation and overall low-cost providers

Coverage of the Market: Participation in a Limited Number of Market Segments

Focused strategies for differentiation and low costs

Value creation geared on cost reduction is the type of competitive advantage sought.

* Achieving Focused Low Cost and a Broad Low Cost Provider Strategy

Value creation based on differentiating features is the sought-after type of competitive advantage.

* Concentrated and broad differentiating strategies

Which of these serves as competitive strategy's goal?

What we want Creating a competitive advantage in the market is the main goal of a competitive strategy. Porter's Five Forces Model is the main instrument for evaluating an organization's competitive position in the market.

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