Answer
a. Cost leadership strategy
b. Product differentiation strategy
c. Cost leadership strategy
d. Product differentiation strategy
Work Step by Step
a. The restaurant will have cost benefit over its competitors as it will reduce its cost by not hiring experienced chefs and will be able to fulfill its workforce by hiring untrained staff but this may effect the efficiency of the business.Thus, focus is on cost leadership strategy.
b. The office supply will have competitive advantage as it would provide better services for the similar product to its customers by adding a delivery system but it may lead to increase in the cost for the business.Thus, focus is on product differentiation strategy.
c. The airline will be able to cut its cost by reducing the number of employees but may have to expend on software development and technology required to replace desk clerks.Thus, focus is on cost leadership strategy.
d. The florist is trying to provide its customers and potential customers with better services as he wants to hire a horticulture specialist which can provide him advantage in market for the similar product . Thus, focus is on product differentiation strategy.
