There Are Many Healthcare Products Manufacturers

question 72

Multiple Choice

There are many healthcare products manufacturers. Forrest Labs Drug Company manufactures only personal hygiene products. It markets such products deodorant, body powder, body creams, and exfoliates. Because it only stocks body care and personal hygiene products, it is using a(n) ___________ strategy.

• A)focus
• B)cost leadership
• C)prospecting
• D)emergent

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Definitions:

Financially Controlled

A condition where financial resources, expenses, and income are regulated and monitored to ensure stability and prevent fraud.

Entrepreneurial Hobby

An activity or interest pursued outside one's regular occupation that involves creating or managing ventures with a growth and profit potential.

B2B

Business-to-business, a type of transaction between businesses, such as one involving a manufacturer and wholesaler, or a wholesaler and retailer.

Small Business Sector

The segment of the economy composed of independently owned companies that have fewer employees and lower revenue than larger corporations.