Wal-Mart Initially Used a Focused Cost Leadership Strategy to Compete

question 74

Multiple Choice

Wal-Mart initially used a focused cost leadership strategy to compete only in small communities by using sophisticated logistics systems and efficient purchasing practices to gain a competitive advantage. The response of local competitors was _______ because they __________.

• A) rapid; were nimble and flexible
• B) slow; lacked the ability to marshal resources
• C) rapid; perceived gains from responding to Wal- Mart's attack
• D) rapid; had the resources and flexibility compete against Wal-Mart

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Definitions:

Partial Reinforcement

A conditioning principle in which a reward or punishment is not administered every time the desired response is performed, leading to more resilient behavior patterns.

Generalization

The tendency to apply what is learned in one situation to other similar situations, often considered a fundamental learning process.

Spontaneous Recovery

The reappearance of a previously extinguished response after a period of non-exposure to the conditioned stimulus.

Observable Behavior

Actions or reactions of an individual that can be seen and measured by others.