Firms that take a differentiation position try to satisfy basic rather than highly specialized customer needs.
Correct Answer:
Verified
Q8: If a firm wants to exploit opportunities
Q9: Michael Porter's model is based on the
Q10: A low cost leader is a firm
Q11: Strategic positioning increases the effects of rivalry
Q12: Porter's strategy model is based on the
Q14: A successful strategy must be consistent with
Q15: By creating a sustainable cost gap over
Q16: Strategic positioning is a useful starting point
Q17: Porter's generic strategies may also be called
Q18: Successful differentiation enables firms to set prices
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