What are the implications and considerations for a small business that chooses a cost leadership business strategy?

What are the implications and considerations for a small business that chooses a cost leadership business strategy?
Discuss the impact of a cost leadership strategy on the environmental threats
How can product differentiation be used to neutralize environmental threats and exploit environmental opportunities?
How can organizational structure be used to implement product differentiation?
How can both Cost leadership and Differentiation business strategies be used to gain competitive advantage?
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