Which of the following is a generic strategy to sustain profitability?

Question

Quizplus · Accepted Answer

Focus is a generic strategy that involves concentrating on a specific customer group, market segment, or product line. This helps in reducing costs, improving efficiency and ultimately sustaining profitability. Cost cutting and special offers are not sustainable strategies as they do not address the underlying issues affecting profitability. Profit maximization, while desirable, may not always be achievable or sustainable in the long run.

Which of the Following Is a Generic Strategy to Sustain