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.

---

Definitions:

Stress

The psychological and physical strain or tension experienced by an individual in response to challenging or demanding situations.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often characterized by physical symptoms such as increased heart rate or tension.

Coping

The process of managing stressful circumstances, hardships, or challenges in an effective way.

Layoff

The temporary or permanent dismissal of employees from their job due to economic downturns, company restructuring, or other financial constraints.