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how does differentiation cost leadership and integrated support a forward looking business strategy? 500 words

how does differentiation cost leadership and integrated support a forward looking business strategy? 500 words

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Answer #1

1. cost leadership involves elimination of extra product functionality and customer service.
2.Cost leadership is a strategy that companies use to achieve competitive advantage by creating a low cost position among its competitors.
3. Differentiation is adding additional features to the product to differentiate the product from the competitors.
4. These methods helps the flow of business strategies.
5. business strategy is formulated for the betterment of the company.
6. Adopting differentiation cost leadership can help a company develop special shield against competition.

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