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Imagine being an advisor to Hank Harris. What would you suggest should be Seller's Lab competitive strategy going forward

Respuesta :

michell96

Seller's lab can use either the cost leadership, cost focus, differentiation leadership, or differentiation focus strategy depending on the situation of the company.

A competitive strategy is a defined plan that allows a company to:

  • Increase its profits.
  • Have an advantage over competitors.
  • Adress customers' needs.

In marketing, four main strategies can be used depending on the situation and objectives of each company

  • Cost leadership strategy: The purpose of this strategy is to have lower costs than similar companies, which increases profit.
  • Cost focus: This strategy aims at reducing costs to increase profit.
  • Differentiation leadership: This strategy aims at making the company's products unique in comparison to similar companies.
  • Differentiation focus: This strategy focuses on adding special characteristics to products, which can influence customers' loyalty.

Note: This question is incomplete because there is no information about Seller's lab. Due to this, I answered it based on general knowledge.

Learn more about Marketing in: https://brainly.com/question/10232194

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