Definition Competitive Priorities?

Answer

Competitive priorities is a business term used to describe three basic strategies that businesses use to achieve and maintain an advantage competitively. The three main ideas are cost leadership, differentiation, and focus strategy. The principles behind differentiation are quality, which pertains to transcendence, product quality, manufacturing quality, and user based quality. Next is time, which pertains to delivery speed and reliability. Next is flexibility. This pertains to mix flexibility, changeover flexibility, and finally volume flexibility.
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