BUS 475 Week 3 DQ - 7474

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What are the different types of strategies?

What are the differences among these strategies?

How do you determine which type of strategy is most appropriate for your organization?

Solution Description

Differences in term of

Cost leadership

Differentiation

Focus

Target

To be ensured that all products will be low in cost and good in quality.

To make a product different in its all specification that a customer will attract.

To gain previous two types and interact with a specific group which is beneficial.

Tasks

To achieve market shares more than the competitor.
Profit margin should be higher than the competitor.

The price of product should b