Question: A focused low - cost strategy seeks to achieve competitive advantage by performing the primary value chain activities at a lower cost per unit than
A focused lowcost strategy seeks to achieve competitive advantage by
performing the primary value chain activities at a lower cost per unit than the industry's market share leader. serving buyers in the target market niche at a lower cost and lower price than rival competitorsthis requires outmanaging rivals in using the cost drivers to perform value chain activities more cost efficiently andor finding innovative ways to bypass nonessential value chain activities.
totally dominating sales in one particular market niche.
offering those buyers comprising the target market niche a nofrills product at an absolute rockbottom price. convincing buyers comprising the target market niche that the firm's product offering delivers more value for the money than the product offerings of other competitors.
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