Through the Use of a ________,Managers Try to Gain a Competitive

question 14

Multiple Choice

Through the use of a ________,managers try to gain a competitive advantage by driving the organization's costs down below the cost of its rivals.

• A)related diversification strategy
• B)formulation strategy
• C)differentiation strategy
• D)cost-leadership strategy
• E)vertical strategy

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Definitions:

Correlation Coefficients

Statistical measures that indicate the extent to which two or more variables fluctuate together.

Cause and Effect

The principle that every event (effect) has one or more causes; this relationship explains why things happen and allows for prediction and intervention.

Strong

Having the power to move heavy weights or perform other physically demanding tasks; also can apply to the capacity for endurance or mental capacity.

Correlation Coefficients

Statistical measures that quantify the direction and strength of the relationship between two variables.