_____ Means Producing a Product or Service of Acceptable Quality

question 94

Multiple Choice

_____ means producing a product or service of acceptable quality at consistently lower production charges than competitors so that the firm can offer the product or service at the lowest price in the industry.

• A)Intrapreneurship
• B)Divestment
• C)Niche leadership
• D)Cost leadership
• E)Differentiation

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Definitions:

Haptic Senses

Relating to the sense of touch, including the perception and manipulation of objects using the skin and body.

Psychophysics

A branch of psychology that deals with the relationships between physical stimuli and the sensory perceptions and mental responses they evoke.

Differential Theory

suggests individual differences in behavior, traits, and intelligence result from genetic variation or environmental factors.

Psychotherapeutics

The treatment of mental or emotional disorders through psychological methods rather than medical interventions.