When an Organization Focuses on Making Itself More Competitive by Producing

question 78

Multiple Choice

When an organization focuses on making itself more competitive by producing products more cheaply than competitors can,it is following a ________.

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

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Definitions:

Economic Development

The process through which a nation improves the economic, political, and social well-being of its people, often through targeted policies and programs to stimulate growth and reduce poverty.

West

Refers to the western part of the United States, which was characterized by its frontier and expansionist period during the 19th century, playing a significant role in the nation's development.

South

A direction or location often associated with the southern part of a country or region; contextually, it could refer to the Confederate states in the US Civil War, or the Global South in international relations.

Women

Refers to adult human females, often highlighting their roles, rights, or issues in society.