Porters strategies Flashcards
1
Q
What are the four aspects of porters strategies
A
Cost leadership
Cost focus
Differentiation
Differentiation focus
1
Q
What is the cost leadership strategy
A
When a business aims to become the low cost leader in the industry could be achieved by
EoS
Patented technologies
2
Q
What is the Differentiation strategy
A
Business are able to charge premium prices as they offer differences in the industry
3
Q
What is the Focus strategy
A
When a business decides to focus on one market segment.
