Low cost,differentiation and niche are examples of __________ pursued by business units across a variety of industries.
A)Market exchanges
B)Generic strategies
C)Sustainable competitive advantages
D)Customer orientations
E)Category management systems

Question

Quizplus · Accepted Answer

Low cost, differentiation, and niche are all examples of generic strategies, which are methods used by businesses to gain a competitive advantage over their rivals. These strategies can be implemented across a variety of industries and allow companies to focus on different aspects of their operations to meet the needs of different customer segments. Market exchanges, sustainable competitive advantages, customer orientations, and category management systems are all related concepts but are not specific examples of the strategies mentioned in the question.

Low Cost,differentiation and Niche Are Examples of __________ Pursued by Business