Which of the Following Is a Generic Strategy Option

question 71

Multiple Choice

Which of the following is a generic strategy option?

• A)Narrow margins
• B)Diversification
• C)Differentiation
• D)Retrenchment

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Definitions:

Sales Discounts

Reductions in the selling price offered to customers as incentives to encourage prompt payment.

Cash Discount

A reduction in the invoice price offered by sellers to buyers as an incentive for early payment within a specified period.

Perpetual Inventory System

An inventory accounting system that records purchases and sales of goods instantly through computer systems, providing a continuous record of inventory levels.

Inventory Shrinkage

The loss of products between procurement and sale, often due to theft, damage, or administrative errors, affecting inventory levels.