A Company Using a Narrow Scope in Its Business Strategy

question 45

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 customer segments served.
• D) decreasing the number of activities on its value chain.

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Definitions:

Limited Liability Partnerships

A business structure where partners have limited liabilities, protecting each partner's personal assets from the debts and liabilities of the partnership.

Professional Malpractice

Failure by a professional person to provide services with the competent and skillful level of care that is required in their profession, leading to harm or loss.

Private Securities Litigation Reform Act

A 1995 U.S. law aimed at reducing frivolous or unwarranted securities lawsuits through various procedural and substantive reforms.

Illegal Act

An illegal act refers to an action or conduct that is prohibited by law and subject to punishment or sanctions by legal authorities.