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Porter's competitive strategies of cost-leadership and differentiation focus on ____ markets, while the cost-focus and focused-differentiation strategies focus on ____ markets.

User Omnia
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Answer:

Wide, Narrow

Step-by-step explanation:

The reason is that the cost leadership and differentiation meets the needs and wants of the most of the consumer while the focused differentiation is Niche market strategy which satisfies a very small group of people and earn a lot of profits from them. So this is the one of the difference between the cost leadership & differenciation and focused differentiation strategies. Ford is pursuing cost leadership in America, Mercedes a differentiated strategy and the Bugatti and Royal Royce pursue focused differentiated strategy. So as a result we seee very fewer products of Bugatti and Royal Royce. The products of Mercedes are seen every day whereas ford can be every where in the American roads.

User IAmWillShepherd
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