K-Mart Competes on Price, While Target Competes on Style

question 17

Multiple Choice

K-Mart competes on price, while Target competes on style. K-Mart follows a competitive strategy based on while Target's strategy is based on .

• A)cost leadership, differentiation
• B)geographic location, cost leadership
• C)differentiation, niche leadership
• D)differentiation, cost leadership
• E)vertical integration, differentiation

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Definitions:

Social Facilitation

The improvement in performance observed when an individual performs a task in the presence of others, compared to when they are alone.

Social Loafing

The occurrence in which people put in less effort towards reaching a goal when they are part of a group compared to when they are working solo.

Common Goal

A shared objective or aim among members of a group.

Groupthink

A phenomenon whereby a group makes faulty decisions because of group pressures, leading to a degradation of mental efficiency, reality testing, and moral judgment.