Which of the following is generic strategy to sustain profitability?

Question

Quizplus · Accepted Answer

Cost leadership is a generic strategy that involves achieving the lowest cost of production and operation in the industry. This helps to sustain profitability by allowing the company to offer its products at lower prices than competitors while maintaining profit margins. Cost cutting and divestment are short-term solutions that may not necessarily lead to sustained profitability. "Stick to the knitting" is not a generic strategy for sustained profitability, but rather a focus on a company's core competencies.

Which of the Following Is Generic Strategy to Sustain Profitability