After Analyzing Their Company's Strengths and Weaknesses,top Managers at Loan

question 105

Multiple Choice

After analyzing their company's strengths and weaknesses,top managers at Loan Bright decided that they would serve individual loan officers who typically only wanted to purchase small sets of homebuyer data,rather than bigger institutional clients.To meet the needs of this segment,Loan Bright simplified its sales contract,restructured its advertising efforts to focus on Google ads,and created a separate customer-service department.Loan Bright's strategy is best described as a(n) ________ strategy.

• A) overall cost leadership
• B) focus
• C) differentiation
• D) logistics
• E) promotional

Understand the effects of sectoral shifts on unemployment.

Recognize the effectiveness of public programs in reducing unemployment.

Acknowledge the consequences of unemployment insurance on the labor market.

Understand the relationship between stress and illness.

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Definitions:

Bootstrapping

A self-sustaining process that proceeds without external help, in statistics, it's a method for assigning measures of accuracy to sample estimates.

Statistical Technique

A systematic approach used in statistics to collect, organize, interpret, and analyze data to make informed decisions.

Probability Distributions

A mathematical function that provides the probabilities of occurrence of different possible outcomes in an experiment.

Cumulative Net Profit

The total net profit accumulated over a period of time.