Question: Which generic strategy does Porter believe is best? a ) A low - cost , industry - wide one because it attracts the most customers
Which generic strategy does Porter believe is best?
a A lowcost industrywide one because it attracts the most customers
b A lowcost segmentbased focus because the lowcost increases the customer base, while the segment focus locks the customers in
c A differentiated, segmentbased focus because customers will pay more for unique, targeted products
d No one specific strategy is 'best'; Porter's model is just meant to get managers to think.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
