of Porter's generic business strategies involves controlling expenses and lowering product prices targeted at a narrow range of market segments.This is referred to as a __________ strategy.

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This strategy is known as a cost focus strategy because it involves focusing on controlling expenses and lowering product prices, which means that the company is focused on a narrow range of market segments to keep costs low. This differs from a cost leadership strategy, which aims to offer the lowest prices in the overall market rather than just a specific segment. Similarly, differentiation strategies aim to offer unique products or services in a broader market, while profit enhancement is a general goal that can be achieved through various strategies.

Of Porter's Generic Business Strategies Involves Controlling Expenses and Lowering