Which Strategy Calls for a Firm to Focus on Achieving

question 77

Multiple Choice

Which strategy calls for a firm to focus on achieving highly efficient operating procedures so that its costs are lower than its competitors?

• A) focus strategy
• B) single-business strategy
• C) overall cost leadership strategy
• D) unrelated diversification strategy

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Definitions:

Bacterial Plasmids

Small, circular, double-stranded DNA molecules found in bacteria, separate from chromosomal DNA, that can replicate independently and often carry genes conferring antibiotic resistance.

Antibiotic Resistance

The ability of microorganisms to withstand the effects of antibiotics, making them ineffective at treating infections.

Genetic Exchange

The process by which genetic material is transferred between organisms, leading to genetic variation.

Transformation

The genetic alteration of a cell by the direct uptake, incorporation, and expression of exogenous genetic material from its surroundings.