Which of the Following Is a Functional-Level Strategy Designed to Improve

question 66

Multiple Choice

Which of the following is a functional-level strategy designed to improve differentiation?

• A) Designing products that can be produced and delivered at as low a cost as possible
• B) Standardization of the product offering and marketing mix to different market segments
• C) Hiring and employee development strategies designed to ensure that employees act in a manner that is consistent with the image that the company is trying to project to the world
• D) Initiation of a price war to grow volume and drive its weaker rivals out of the industry
• E) Products that have lower prices to allow a company to erect an economic moat around its business that thwarts higher-cost rivals out

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Definitions:

Financial Advantage

The benefit gained in financial terms that gives an individual or business a superior position relative to competitors.

Traceable Fixed Costs

Fixed costs that can be directly associated with a specific business segment or area.

Net Operating Income

The profit generated from a company's everyday business operations, indicating the company's ability to generate income through sales after covering operating expenses.

Total Common Corporate Costs

Overhead or administrative expenses shared across the various divisions or departments of a company.