Examlex
Which of the following statements a) , b) or c) is false?
Functional Design
Functional design refers to creating items, systems, or processes that prioritize practicality and efficiency while meeting specific objectives.
Low-Cost Strategy
A business strategy aimed at becoming the lowest-cost producer in the industry or market, thereby allowing the company to offer its products or services at lower prices than competitors.
Focused Strategy
A strategy utilized by companies to focus on a particular market segment or demographic, offering customized products or services.
Organization Design
The creation of roles, processes, and formal reporting relationships in an organization to achieve its goals and objectives.
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