COMMERCE 2AB3 Final: ch13tif
27 Nov 2018
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Strategy describes how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its overall objectives. Answer: true: a product differentiation strategy includes offering unique and superior products for. The cost leadership strategy is for products and services that are similar to competitor"s products and services. The product differentiation strategy is probably best for a company if the engineering staff is more skilled at making process improvements than at creatively designing new products. The cost leadership strategy is probably best for a company if the engineering staff is more skilled at making process improvements than at creatively designing new products. In general, profit potential increases with greater competition, stronger potential entrants, products that are similar, and tougher customers and suppliers. In general, profit potential decreases with greater competition, stronger potential entrants, products that are similar, and tougher customers and suppliers.
