Answer the Question $1 : 10,000,000$ B) $1 : 100,000$ C) $1 : 1,000,000$

question 235

Multiple Choice

Answer the question.
-Find the scale ratio for a map if 1 centimeter on the map represents 100 kilometers on the ground.

• A) \(1 : 10,000,000\)
• B) \(1 : 100,000\)
• C) \(1 : 1,000,000\)
• D) \(1 : 10,000\)

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Definitions:

Cost Leadership

A business strategy focused on achieving the lowest operational costs within an industry, thereby allowing the company to offer its products or services at a lower price than its competitors.

Small Company

A business with a limited number of employees and relatively low volume of sales compared to larger enterprises.

Porter's Generic Strategies

A framework developed by economist Michael Porter that outlines three potential strategies—cost leadership, differentiation, and focus—for achieving competitive advantage.

Focused Differentiation

A business strategy where a company targets a specific market segment with unique products or services that stand out from competitors.