Cost leadership,differentiation,and focus are discussed in the text. Which of the following defines these three types of strategies?

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Cost leadership, differentiation, and focus are all types of positioning strategies. Cost leadership involves being the lowest cost producer in a particular industry or market segment. Differentiation involves offering unique or superior products or services that are valued by customers. Focus involves targeting a specific customer group or market segment with a particular product or service. All three of these strategies involve positioning a company relative to its competitors in order to gain a competitive advantage.

Cost Leadership,differentiation,and Focus Are Discussed in the Text