Five Business Level Strategies
Five Business Level Strategies
Merchant Wholesalers, Durable Goods: NAICS 423
These industries focus on durable and capital goods that are sold to other industries. They deal with new and old goods.
NAICS 4231 is an industry that focuses on motor vehicles and other products that relate to motor vehicle. This group mainly focuses on the issue of cost leadership in its operation. It offers products and services to consumers at the lowest prices possible. It is one of the groups that have specialized in dealing with materials that give clients the lowest price option as lower as possible.
NAICS 4236 deals with electrical and electronic goods. The industry focuses on differentiation strategy in reaching customers. It is the best industry that ensures that customers have a variety of electronics and electrical goods at all times. Their products have unique attributes compared to products from other companies.
NAICS 4233 focuses on construction services and products. With the current rate of development, the industry focuses on construction services based on focused differentiation. It has a variety of construction services in order to attract customers. This industry has made thousands of people change their mode of building because it always develops new styles each and every time.
NAICS 4235 deals with metal and mineral products plus other services except petroleum. The industry has integrated cost and differentiation strategies in attracting customers. It sells metals of different tastes at affordable prices. This strategy has enabled the industry get customers, unlike other similar industries.
NAICS 4232 it is a furniture and home furnishing industry. The industry uses focused cost leadership strategies. Products offered by the company attract customers simply because they are of affordable costs.
Reference:
Hoskisson, E. R. & Hitt, A. M. (2008). Competing for Advantage: Cengage Learning
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