A Company Using a Narrow Scope in Its Business Strategy

question 59

Multiple Choice

A company using a narrow scope in its business strategy is:

• A) following a cost leadership business strategy.
• B) focusing on a broad array of geographic markets.
• C) limiting the group of product segments served.
• D) likely to earn only average returns.

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Definitions:

Business Loans

Financial products offered by banks and financial institutions to companies for the purpose of funding operations, expansions, or investments.

Commercial Loans

Commercial loans are debt-based funding agreements between businesses and financial institutions, used primarily for business purposes.

Truth In Lending Act

Legislation at the national level that facilitates educated decisions about consumer credit use by demanding information on its terms and fees be made available.

Unauthorized Use

The use of property, resources, or confidential information without permission from the rightful owner or authority.