The Main Difference Between Companies Following a Broad Low-Cost Strategy

question 64

Multiple Choice

The main difference between companies following a broad low-cost strategy and those following a focus low-cost strategy is in the:

• A) standardized market price.
• B) industry life-cycle stage.
• C) degree of market segmentation.
• D) age of the market.
• E) market trajectory.

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Definitions:

Implicit Memory

A type of long-term memory that enables us to perform tasks without conscious awareness of these previous experiences.

Explicit Memory

The conscious, intentional recollection of factual information, previous experiences, and concepts.

Memory Trace

A theoretical concept referring to the physical change in the brain, presumably involved in storing a piece of information or memory.

Physical Change

A change in which the form or appearance of matter changes but not its chemical composition.