Which type of firm can use a generic business strategy?

Question

Quizplus · Accepted Answer

A generic business strategy is a broad approach that can be applied to any firm, regardless of the product or industry. It includes strategies such as cost leadership, differentiation, and focus. Therefore, any firm can use a generic business strategy. Resellers, low-cost producers, and discount firms may also use a generic strategy, but it would depend on their specific business goals and market conditions.

Which Type of Firm Can Use a Generic Business Strategy