Final answer:
Competitive strategies are examples of generic moves that multinationals and other companies use to defeat competition through low cost or differentiation.
Step-by-step explanation:
Competitive strategies are examples of generic moves that multinationals and other companies use to defeat competition through low cost or differentiation.
For example, a company may choose a low-cost strategy by producing goods at a lower cost than its competitors, allowing them to offer lower prices to customers. On the other hand, a company may choose a differentiation strategy by offering unique features or attributes in their products that make them stand out from competitors.
These competitive strategies are important for companies to gain a competitive advantage in the market and attract customers.