Can you explain the differences between the differentiation strategy and the low$-$cost strategy? Please provide clear definitions of each strategy. Then, elaborate on how each strategy generates revenue, adds value, and achieves competitive advantage. Additionally, discuss how these strategies can be effectively implemented by multinational companies. Lastly, could you provide two real$-$world examples of companies that use each strategy?

This question pertains to our Strategic Management course, specifically focusing on the content related to Strategic Management in the Multinational Company and Participation Strategies