Question

1. Businesses that do not adopt a differentiation, low-cost leadership, or focus strategy tend to be more successful than businesses that do adopt these strategies. A. TrueB. False2. The ability of employees to create innovative products is critical for companies that adopt a low-cost leadership strategy. A. TrueB. False3. Companies that use a focus strategy have narrow buyer groups.A. TrueB. False

Answer 1

Answer:

1.   B. False,   2. B. False,    3. A. True

Explanation:

• For a business to succeed the low-cost leadership, and a focused strategy for business is most essential for the business to be successful in the longer run.

• A cost leadership is establishing a competitive advantage by having the lowest cost of operation in the company and has a well-defined scope and example of the good purchasing power.

• In a focus strategy, the company tries to create a product that appeals to the wider customer base and targets niche markets and small groups of customers that have special interests.