I got this question wrong Could you answer it There are five basic strategic approaches that companies can follow Striving to become the industrys low cost provider (efficiency) Low Cost Provider Strategy Outcompeting rivals on differentiating features (effectiveness) Broad differentiation Strategy Offering the lowest (best) prices for differentiated goods Best cost providerStrategy Focusing on better serving a niche markets needs (efficiency) Focused Low Cost Strategy Focusing on better serving a niche markets needs (effectiveness) Focused Differentiation Strategy Match the following companies with their generic strategic approaches Walmart Low Cost Provider Strategy Dollar Tree Low Cost Provider Strategy Nike Broad Differentiation Strategy Microsoft Broad Differentiation Strategy Target Best cost Provider Strategy Marriott Courtyard Broad Differentiation Strategy Claire Best cost Provider Strategy Boost Mobile Best cost Provider Strategy Sandals Hotels Resorts Broad Differentiation Strategy Lamborghini Focused Differentiation Strategy I got this wrong Could you correct it

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Question: I got this question wrong. Could you answer it? There are five basic strategic approaches that companies can follow: Striving to become the industrys low-cost

I got this question wrong. Could you answer it?

There are five basic strategic approaches that companies can follow:

Striving to become the industrys low-cost provider (efficiency) - Low Cost Provider Strategy
Outcompeting rivals on differentiating features (effectiveness) Broad differentiation Strategy
Offering the lowest (best) prices for differentiated goods - Best-cost providerStrategy
Focusing on better serving a niche markets needs (efficiency) Focused Low Cost Strategy
Focusing on better serving a niche markets needs (effectiveness) Focused Differentiation Strategy

Match the following companies with their generic strategic approaches.

Walmart = Low Cost Provider Strategy

Dollar Tree = Low Cost Provider Strategy

Nike = Broad Differentiation Strategy

Microsoft = Broad Differentiation Strategy

Target= Best-cost Provider Strategy

Marriott Courtyard= Broad Differentiation Strategy

Claire= Best-cost Provider Strategy

Boost Mobile= Best-cost Provider Strategy

Sandals Hotels & Resorts= Broad Differentiation Strategy

Lamborghini= Focused Differentiation Strategy

I got this wrong. Could you correct it?

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