Question: explain , and provide examples of the five generic competitive strategies 1. A low-cost provider strategy 2. A broad differentiation strategy 3. A best-cost provider

explain, and provide examples of the five generic competitive strategies

1. A low-cost provider strategy

2. A broad differentiation strategy

3. A best-cost provider strategy

4. A focused (or market niche) strategy based on low costs

5. A focused (or market niche) strategy based on differentiation

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