A Company Using a Narrow Scope in Its Business Strategy

question 45

Multiple Choice

A company using a narrow scope in its business strategy is

• A) following a cost leadership business strategy.
• B) focusing on a broad array of geographic markets.
• C) limiting the group of customer segments served.
• D) decreasing the number of activities on its value chain.

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Definitions:

Skewed

describes a distribution that is not symmetrical, with a longer tail on one side of the peak than the other.

Normal Distribution

A probability distribution that is symmetrical around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Standard Deviation

Standard deviation is a measure of the dispersion or variability of a set of data points around their mean, indicating how spread out the data points are.

Sampling Distribution

The chance distribution of a statistical measure derived from numerous samples taken from a particular group.