Question

Subject- Business Strategy.

What are the strategical methods for business strategies and types ? please explain in detail and with example

Answer 1

Answer : When a business strategies has been adopted by the business man than there are various strategies or tacts that business man adopted for successful implementation of the plans in a systematic and logical manner.There are various strategical method which adopted in business strategy are :

• Product and service strategy : Competition required your company to present a product and improvement in the product in best possible manner.product should be continuously improved example are Microsoft and apple are created new product invention.
• High and low pricing strategy: Business man applied different pricing strategy as it is not compulsory to apply low pricing strategy for the success of the business.Example: Luxury product or brands have used proper pricing strategy.
• Operating efficiency strategy : It means that efficiency strategy has been adopted in order to achieve efficiently in the systematic and logical manner.Example : MonopIy firm applying strategy which help in achiving it.
• Investment strategy : It means that making investment strategy in such a manner that it provides productive and logical result .Example : protocor has applying investment strategy.