Questions On Low Cost Strategy

MIKIN PATEL
MGMT 510-92-2016/Semester I (Fall)

Chapter-5
(1) Describe low-cost strategy. How does this relate to differentiation?
-First of all lowering costs helpful for the improve the pron’s in commodity markets.
-maintain the price
- It may helpful for the improve share market.
-rising the profit of company.
-so, this is about low-cost strategy.
Now, relation in-between low-cost and differentiation.
- First of all mention that both differentiation and low-cost are required for each and every position related to company.
- So, many positions depends on the differentiation and low-cost those all are viable.
- They do not having highly required to support and offering.
- For getting hard effort a company must be to do,
- Getting the functional level strategies.
- It should be well organized.
- All the three are business-level strategy, functional level strategy and organizational arrangement. Should be connected to each other.
(2) Aside from low-cost strategy, describe other methods that businesses can use to differentiate their products.
- Be calm
- Improve offer service.
- Guarantees
- Hidden assets
- Chang value from other
- Increasing business.
(3) Describe how businesses approach segmenting the market, and why market segmentation could be an attractive business strategy. Why do businesses segment the market? What approaches can be used to segment the market? How can this lead to competitive advantage?

First of all, the prons of competitive advantage related to market segmentation is that what decision company taking for important improve their needs as according to group customer.
- Business segment market do lots of changes regarding to the demand likewise, produce different offer for different segment, after produce lot...

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...y manages, in light of the fact that firm could built up its expenses with respect to crude stock notwithstanding producing. Flat incorporation permits an organization to venture into new regions without the high cost of working starting with no outside help.
These sort of style of mix licenses business keeps running from more than one measure of the submitting channels begins utilizing producer which empowers item undertaking adapting to the submitting technique likewise has extra ability to upgrade resources uses and anticipate discarded charges.
REFERANCES:
(1) http://www.tutor2u.net/business/reference/market-segmentation
(2) https://brainmass.com/business/consolidated-financial-statements/distinguish-between-a-
Fragmented-and-consolidated-industry-with-examples-of-each-319867
(3) http://smallbusiness.chron.com/benefits-organizational-consolidation-45360.html