Question: QUESTION 3 (25 Marks) a) Briefly explain the five generic competitive strategy. (10 marks) b) Explain under what condition a low cost provider strategy

QUESTION 3 (25 Marks) a) Briefly explain the five generic competitive strategy.

QUESTION 3 (25 Marks) a) Briefly explain the five generic competitive strategy. (10 marks) b) Explain under what condition a low cost provider strategy works best. Cite example. (10 marks) c) Explain the pitfalls of a low cost provider strategy. (5 marks)

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