[500 words] Business Level Strategies

Question Description

write 500 words based on the instructions

NO PLAGIARISM!

Selecting Business Level Strategies Chapter 5 of Mastering Strategic Management

(Short Answer/Mini-Essay your submission should be approximately 500 – 600 words in total. Some questions might be answered in 30-40 words; other questions might require 100 words or more to answer. Feel free to use your judgement! )

1. What is cost leadership? Explain. How is focused cost leadership different? Give an example of each based on your personal experience or that of a friend or family member. (Avoid using the same examples as in the text.) What are the advantages and disadvantages of cost leadership and focused cost leadership?

2. What is differentiation? Explain. How is focused differentiation different? Give an example of each based on your personal experience or that of a friend or family member. (Avoid using the same examples as in the text.) What are the advantages and disadvantages of differentiation and focused differentiation?

3. What is a best cost strategy? Explain. How is it unique? Is this strategy difficult to employ? Why or why not?

4. What is stuck in the middle? Explain. When do firms end up in this situation?

the link to the course book is below

https://drive.google.com/file/d/1ggtQH9TyKMrIfiO1J…

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