the five generic competitive strategies are essentially derived from choices made about multiple choice question. geographic coverage and product mix. market coverage and the type of competitive advantage pursued. pricing strategy and profit margins. marketing strategy and product placement in various competitive situations.

Respuesta :

The fundamental principles of GCS are cost leadership, differentiation, and focus. Next, cost leadership and emphasis are divided into their two categories. An organization may select a strategy to acquire a competitive advantage.

Broad differentiation tactics and overall low-cost providers

Market Coverage: Involvement in a Limited Number of Market Segments

focused tactics for differentiating and keeping costs down

The kind of competitive advantage desired is value creation focused on cost reduction.

* Implementing a Broad Low Cost Provider Strategy as well as Focused Low Cost

Competitive advantage that is most desired is value generation based on differentiating characteristics.

* Broad and focused differentiating tactics

Which of these serves as the objective of competitive strategy?

What we desire The primary objective of a competitive strategy is to gain a competitive advantage in the market. The primary tool for assessing an organization's competitive position in the market is Porter's Five Forces Model.

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