Answer the 2 multiple choice questions below

Which of the following is false regarding how a differentiation strategy can help a firm to improve its competitive position relative to the Porter five-forces model? Supplier power is increased, because suppliers will be able to charge higher prices for their inputs By increasing firm margins, it avoids the need for a low-cost position It reduces buyer power because buyers tack comparable alternatives. Firms will enjoy high customer loyalty. Hardware chains such as Ace and True Value are losing market share to rivals such as Lowe's and Home Depot in spite of them using a focus strategy. Why? They have too broad a product line. Achieving parity on costs for specialty retailers is difficult They have equivalent purchasing power as the national chains. Their costs are the same as those of the national chains