cost leadership and products Differiratation used for
Answers
Answered by
1
Answer:
Therefore, the goal of cost leadership is to reduce the cost faced by the business, not necessarily the cost faced by the consumer. Differentiation strategy is to ensure that the product you are offering on the market is the most unique and attractive that can fill a potential gap in the market.…
Answered by
39
Answer:
If a firm can achieve cost leadership and differentiation simultaneously, the benefits are great because differentiation leads to premium prices, and at the same time that cost leadership implies lower costs. An example of a firm that has achieved success in both a cost advantage and differentiation is McDonald.
Explanation:
Similar questions