Competitive Strategies

13 Views· 05 Oct 2021
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⁣A competitive strategy is concerned with the intricacies of management's game plan for successfully competing and gaining a competitive edge over competitors in the marketplace.

It's crucial to understand what sets each of the five general strategies apart, as well as why some of them operate better in particular industries and competitive environments than others. The basis for competitive advantage for a low-cost leader is lower total expenses than competitors.

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