A ________ Refers to a Competitive Strategy in Which Firms

question 49

Multiple Choice

A ________ refers to a competitive strategy in which firms attempt to achieve lower business process costs.

• A) strategy of cost competition
• B) scope strategy
• C) customer intimacy strategy
• D) focus/market niche strategy

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Definitions:

Network

A system of interconnected people or things, facilitating communication, sharing, and resource exchange.

Social

Relating to society or its organization, focusing on the interactions and relationships among individuals within communities or groups.

Dependency

A state of relying on others for support, resources, or decision-making power.

Relies

Refers to the act of depending on or trusting in something or someone.