A company following the ____________ strategy approach might focus on hiring flexible and adaptable employees.
A)differentiation
B)cost leader
C)niche
D)customer-driven
E)None of the above

Question

Quizplus · Accepted Answer

Differentiation strategy is when a company offers unique and superior value to its customers by focusing on product quality, branding, or customer service. Hiring flexible and adaptable employees would help with this strategy as it would allow the company to adapt to changing customer needs and preferences more quickly. Cost leader strategy focuses on offering products or services at a lower cost than competitors. Niche strategy involves serving a specific target market. Customer-driven strategy involves understanding and meeting the needs and wants of customers.

A Company Following the ____________ Strategy Approach Might Focus on Hiring