Which of the following statements about simultaneously pursuing both a low-cost strategy and a differentiation strategy is true?
A) Organizations stuck in the middle tend to have higher levels of performance than those that pursue a low-cost or a differentiation strategy.
B) Focusing on the differentiation of a product will result in reduced costs for a company.
C) Extremely well managed companies may be able to keep low costs and differentiate their products.
D) Managers try to gain a competitive advantage by focusing only on driving the company's costs down below the costs of industry rivals.
E) Managers try to gain a competitive advantage by focusing only on distinguishing an organization's products from the products of competitors on dimensions such as product design, quality, or after-sales service.
Correct Answer:
Verified
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