Answer five managment questions

February 26, 2023February 26, 2023 Discipline: Management
Learning Goal: I’m working on a management question and need guidance to help me learn.

  1. What is the relationship between a firm’s customers and its business-level strategy in terms of who, what, and how? Why is this relationship important?
  2. What is a business model and how do business models differ from business-level strategies?
  3. What are the differences among cost leadership, differentiation, focused cost leadership, focused differentiation, and integrated cost leadership/differentiation business-level strategies?
  4. How can firms use each of the business-level strategies to position themselves favorably relative to the five forces of competition?
  5. What are the specific risks associated with using each business-level strategy?

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