A Strategy to Provide the Same or Better Value to Customers

question 110

Multiple Choice

A strategy to provide the same or better value to customers at a lower cost than offered by competitors to achieve competitive advantage is:

• A)a value chain strategy.
• B)a cost leadership strategy.
• C)a linkage strategy.
• D)a focusing strategy.

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Definitions:

Discriminate

To treat a person or group differently based on characteristics such as race, gender, age, or sexual orientation, rather than individual merit.

Code of Conduct

A set of guidelines designed to set out acceptable behaviors for members of a particular group, organization, or profession.

Company Code

A unique identifier assigned to a specific company or organization, often used in internal and external tracking systems.

Social Audits

A process in which an organization's processes and practices are evaluated for their social impact, adherence to social values, and compliance with social objectives.