Which Strategy Is an Organization Following When It Focuses on Making

question 66

Multiple Choice

Which strategy is an organization following when it focuses on making an organization more competitive by developing a product or products that customers perceive as being different from products offered by competitors?

• A)cost leadership
• B)differentiation
• C)focus
• D)stability
• E)divestiture

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Definitions:

Gather Opinion

Gathering opinion involves collecting views, preferences, and feedback from a group of people to inform decision-making or gauge public sentiment.

Evaluate Risk

The process of identifying and analyzing potential issues that could negatively impact key business initiatives or projects.

Sales Forecasts

Predictions of the future sales revenue of a product or service within a specified time frame, based on historical data, market trends, and economic conditions.