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CIPS L4M6 Exam - Topic 1 Question 72 Discussion

Actual exam question for CIPS's L4M6 exam
Question #: 72
Topic #: 1
[All L4M6 Questions]

Kinky Boots Ltd provides high heeled shoes in large sizes. Their target market are Drag Queens. There are a couple of rival shoe manufacturers in this market and Kinky Boots Ltd offer the cheapest high heels. What strategy is Kinky Boots Ltd employing in terms of competitive advantage?

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Suggested Answer: C

This is 'cost focus' - Kinky Boots is both focusing on being a cost leaser (by providing the cheapest products) and focusing on a niche market (drag queens). When these two strategies are combined it is called 'cost focus'. There's a couple of questions on Porter's Generic Strategies in the exam- there's a useful diagram of this on P.13


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Adell
3 days ago
I'd say differentiation focus. Catering specifically to the drag market sets them apart from the competition.
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Chery
8 days ago
Definitely cost leadership. Kinky Boots is all about making high-end style accessible to the masses.
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Edelmira
13 days ago
Cost leadership, gotta keep those heels affordable for the fabulous queens!
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Anastacia
18 days ago
I practiced a similar question, and I think it was about how companies can compete on price versus uniqueness. Cost leadership seems to fit best here.
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Marsha
23 days ago
This feels like a differentiation focus strategy to me, but I guess since they’re the cheapest, cost leadership might be more accurate.
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Nohemi
29 days ago
I'm not entirely sure, but I remember something about cost focus being about targeting a specific market with lower prices. Could that apply here?
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Augustine
1 month ago
I think Kinky Boots Ltd is going for cost leadership since they offer the cheapest high heels in a niche market.
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Cecil
1 month ago
I'm a little confused on the difference between cost leadership and cost focus. Does the fact that they are targeting Drag Queens mean it's a cost focus strategy? Or is the low-cost aspect the main thing here? I'll have to review that part of the material again.
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Ronald
1 month ago
I feel pretty confident about this one. The key information is that Kinky Boots Ltd offers the cheapest high heels, so they are clearly pursuing a cost leadership strategy to gain a competitive advantage.
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Lindsay
2 months ago
Okay, let me break this down. They are the low-cost provider in their market, which points to cost leadership. But they are also targeting a specific segment, which could mean a focus strategy. I'm leaning towards A) cost leadership, but I'll double-check my notes just to be sure.
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Inocencia
2 months ago
Hmm, I'm a bit unsure here. Is it possible that they are using a differentiation strategy since they are targeting a specific niche market of Drag Queens? I'll have to think this through more carefully.
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Tuyet
2 months ago
This seems like a straightforward question about competitive strategy. I think the answer is A) cost leadership since Kinky Boots Ltd offers the cheapest high heels in their target market.
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