Porter's generic strategies of overall cost leadership,differentiation,and focus all concentrate on reducing the firm's expenses to minimal levels.

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Porter's generic strategies of overall cost leadership and differentiation are focused on achieving a competitive advantage, while the focus strategy is aimed at serving a particular market niche. While cost leadership does involve reducing expenses, differentiation involves adding value to products to justify a higher price point. Thus, the statement that all three strategies concentrate on reducing expenses to minimal levels is false.

Porter's Generic Strategies of Overall Cost Leadership,differentiation,and Focus All Concentrate