The main difference between a low$-$cost and differentiation strategies is:

$(1$ Point$)$

The low cost focuses on the cost drivers and tackles them to achieve a cost effective business model, whereas the differentiation focuses on the value drivers to ensure differentiation and highest value for the consumer

The low cost focuses on value proposition while differentiation focuses on image and prestige

The low cost focuses on the cost drivers and tackles them to achieve a cost effective business model, whereas the differentiation focuses on the high prices to achieve differentiation, image and prestige

The low cost focuses on providing lowest cost while differentiation focuses on providing fastest service