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NEW QUESTION: 1
In accordance with Michael E Porter's generic strategies model, a firm with a broad competitive scope that has high sales volume, low margins, and efficient supply and
distribution channels will most likely choose a
A. Differentiation strategy.
B. Cost leadership strategy.
C. Focused differentiation strategy.
D. Cost focus strategy.
Cost leadership is the generic strategy favored by firms that seek competitive advantage through lower costs and that have a broad competitive scope. Such a firm can earn higher profits than its competitors at the industry average price or charge a lower price to increase market share. The typical firm that follows a cost leadership strategy has low profit margins, a high volume of sales, and a substantial market share. Such a firm has efficient supply and distribution channels; is capable of large capital investment; if it is a manufacturer, has strengths in product design and process engineering; and closely supervises its labor force.
NEW QUESTION: 2
Which of the following processes are included in SAP CRM Sales?
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