A differentiation strategy calls for a learning approach, whereas a low-cost strategy should be paired with an efficiency approach.

Question

Quizplus · Accepted Answer

This statement is true. A differentiation strategy aims to create unique and valuable products or services that set a company apart from competitors. This often requires a focus on continuous learning and innovation. On the other hand, a low-cost strategy aims to offer products or services at a lower price than competitors, which often requires an efficiency approach to reduce costs and increase profitability.

A Differentiation Strategy Calls for a Learning Approach, Whereas a Low-Cost