Question: 1. Consider a commodity business such as building materials, many types of food products, and many types of electronics products. A good example of a

1. Consider a commodity business such as building materials, many types of food products, and many types of electronics products. A good example of a commodity is gasoline. Are these companies likely to compete on cost leadership or differentiation, and why?
2. Consider professional service firms such a law firms, accounting firms, and medical practices. Are these firms likely to compete on cost leadership or differentiation, and why?

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