Which one of the 5 generic competitive strategies

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Reference no: EM13248772

Which one of the 5 generic competitive strategies is most likely to be best suited for an industry whose product is a commodity? Explain.

They are:
1. Low-cost provider strategy
2. Broad differentiation strategy
3. Focused (or market niche) low-cost strategy
4. Focust (or market niche) differentiation strategy
5. A best-cost provider strategy

Reference no: EM13248772

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