Q14
Low cost, Differentiation and Focus are examples of
A.
Corporate strategies
B.
Operational strategies
C.
Business strategies
AnswerD.
Functional strategies
Answer: Option C
Solution
Answer: Option C
Solution:
Low cost, Differentiation and Focus are examples of Business strategies. A low-cost provider seeks to sell its products at the lowest price it can, while still making a profit so that it can draw customers to the market. This is the broad version of the low-cost strategy because such companies try to appeal to a broad market.