How can low-cost and differentiation strategies be pursued simultaneously?
A)commitment to quality
B)differentiation on low price
C)structural innovations
D)All of the above.

Question

Quizplus · Accepted Answer

Pursuing a low-cost strategy and a differentiation strategy simultaneously requires a combination of commitment to quality, differentiation on low price, and structural innovations. Commitment to quality ensures that the products or services offered are of a high standard, while differentiation on low price involves developing low-cost features that are different from those offered by competitors. Structural innovations involve creating systems and processes that help to reduce costs and enhance differentiation. By implementing all three strategies, a business can achieve both low costs and differentiation, which can give it a competitive advantage in the market.

How Can Low-Cost and Differentiation Strategies Be Pursued Simultaneously