Question

which of Porters four competitive strategies does Apple engage in?explain.

Answer 1

Answer:

The porter's four competitive strategies are:

i)Cost Leadership :

In cost leadership, a firm decides to turn into the minimal cost producer in its industry. The sources of cost advantage are changed and rely upon the structure of the business. They may incorporate the pursuit for economies of scale, restrictive technology, special access to crude materials and different factors. Apple has had the option to accomplish cost viability through economies of scale. Its cost of production is truly low and focusses on minimal cost manufacturing nations, for example, China to make its items.

ii) Differentiation :

In a differentiation technique a firm tries to be one of a kind in its industry along certain measurements that are generally esteemed by purchasers. Apple has effectively separated itself from the other phone manufacturers however straightforward yet inventive methods. By along these lines it has not only gained market share as well as had the option to deliver better items continuously.

iii) Cost Focus:

In cost focus a firm looks for a cost advantage in its objective fragment. Apple has one of the most minimal expense of manufacturing in the business / industry.

iv) Cost Differentiation:

Differentiation focus a firm looks for differentiation in its objective section. Differentiation center endeavors the unique needs of purchasers in specific sections. Apple has been effective in this it has made precuts so straightforward and inventive to utilize that intended interest group of each age can utilize them along these lines, creating a tremendous market for them.