Question: What are the five generic competitive strategies and how do the real - world business apply these strategies? Please complete the followings: 1 ) List

What are the five generic competitive strategies and how do the real-world business apply these strategies? Please complete the followings:
1) List and briefly describe each strategy.
2) Identify the type of competitive advantage that each strategy is aimed at achieving.
3) For each strategy, list at least one company who applies the strategy AND discuss how the strategy is applied.

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