One of the Generic Business Strategies That Involves Controlling Expenses

question 81

Multiple Choice

One of the generic business strategies that involves controlling expenses and, in turn, lowering product prices targeted at a narrow range of markets segments is referred to as a ________ strategy.

• A) cost focus
• B) cost-leadership focus
• C) differentiation focus
• D) differentiation
• E) profit enhancement

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Definitions:

Major Geographical Area

A significant region or territory within which a company operates and reports financial performance.

Disposal

The process of getting rid of an asset or substance.

Product Line

A group of related products manufactured or sold by a company, often characterized by their function or target market.

Clearly Distinguishable Component

A part or element of a larger item that can be separated and identified individually in analysis or assessment.