Question

The three generic competitive strategies are:

1) profit-based, nonprofits, and free services
2) cost leadership, differentiation, and focus
3) manufacturing, service, and retail
4) mass-production, make-to-order, and services

Answer 1

The three generic competitive strategies are cost leadership, differentiation, and focus.

Step-by-step explanation:

The three generic competitive strategies are cost leadership, differentiation, and focus. Cost leadership involves offering products or services at a lower price than competitors. Differentiation focuses on creating unique and desirable products or services. Focus involves targeting a specific market segment.