5 factors that affect competitive strategies
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What are the factors that affect competitive strategy?Internal factors include financial ability, human resources, research collaborations, marketing, product differentiation and cost. External factors that influence a firm's competitive advantage include political factor, economic, social, and technical and culture.
What are the 5 factors of competitive advantage?It would be nice to call them as factors of competitive advantage.. Economies of scale: ... . Locational advantages: ... . Raw-materials: ... . The strength of maintenance:. What are the 5 competitive strategies?Here are five types of competitive strategy and an example for each:. Cost leadership. ... . Product differentiation. ... . Customer relationship management (CRM) ... . Cost focus. ... . Commitment to customers strategy.. What are the 4 factors of competitive advantage?The four primary methods of gaining a competitive advantage are cost leadership, differentiation, defensive strategies and strategic alliances.
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