21.What is one generic strategy of Porter's?  A. Product range  B. Competition focus  C. Differentiation  D. Pricing strategies

Michael Porter suggests that when managers choose a business-level strategy, their organization should _____ in a particular market.Multiple choice question.reduce prices of their productsgain a competitive advantagerethink their product strategyplan to reorganize staff

Managers use a ______ strategy to distinguish their products from those of their competitors by focusing on characteristics such as design, quality, and after-sale service.Multiple choice question.differentiationlow-costfunctional-levelsingle-use

Use the Porter’s generic business-level strategy framework to identify and justify thegeneric business-level strategy for:a) Qantas (mainline) business unit; andb) Jetstar business unit.Some guidance:i) Understand the Porter’s generic strategy framework.ii) Conduct research into Qantas mainline & Jetstar to identify how they compete toachieve a competitive advantage; and whether they target a broad or a narrowmarket.iii) Determine and classify Qantas mainline’s and Jetstar’s generic business levelstrategy. Justify.

Which of the following are pricing strategies? Question 41Answera.

Which of the following pricing strategy wherein businesses set a selling price based on a product's production, manufacturing, and distribution costs?*Competitive pricingDemand based pricingPricing strategyCost based pricing