A hybrid strategy involves a combination of:

Question

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A hybrid strategy combines elements of both low cost and differentiation strategies. By achieving low costs, the firm can offer products at lower prices than competitors, while the differentiation element ensures that the product has unique and valuable features that customers are willing to pay extra for. This strategy can attract both price-sensitive customers and those who value unique features, which can lead to a larger market share and greater profits.

A Hybrid Strategy Involves a Combination Of