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what are the two main competitive strategies? (check all that apply) co…

Question

what are the two main competitive strategies? (check all that apply) cost speed service differentiation

Explanation:

Brief Explanations

The two core competitive strategies, as defined by Michael Porter's framework, focus on either minimizing costs to undercut competitors or offering unique, differentiated value to stand out in the market. Speed and service are potential tactics that support these broader strategies, not overarching competitive strategies themselves.

Answer:

  • Cost
  • Differentiation