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:

Short-Term Investors

Individuals or entities that purchase assets with the intention of holding them for a brief period, typically less than a year, to profit from short-term price movements.

Rate Of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment’s initial cost.

Ownership Of Stocks

The holding of shares in a company, which represent a claim on the company's assets and earnings, providing an opportunity for investment returns.

Specific Sector

refers to a distinct part of the economy, focused on a particular type of activity or service, such as technology or healthcare.