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Why are differentiation and low cost leadership strategies referred to as generic business strategies? they can be simultaneously pursued by a firm without any trade-offs. they can be used by any organization independent of industry context. they require similar strategic positions in order to increase a firm's chances to gain competitive advantage. they can be applied only by businesses, which have a competitive advantage?

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W0lf93
Differentiation and low cost leadership strategies are referred to as generic business strategies due to the fact that they can be used in basically any organization, regardless of the industry.