Which of the Following Is a Difference Between a Low-Cost

question 21

Multiple Choice

Which of the following is a difference between a low-cost strategy and a differentiation strategy?

• A) Unlike a low-cost strategy, a differentiation strategy involves persuading customers to pay more for products.
• B) Unlike a low-cost strategy, a differentiation strategy focuses a company's efforts on seeking efficiencies.
• C) Unlike a low-cost strategy, a differentiation strategy involves reducing product costs.
• D) Unlike a low-cost strategy, a differentiation strategy creates similarities between a company's product and that of its competitors.

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Definitions:

17th Parallel

A provisional military demarcation line between North and South Vietnam established by the Geneva Accords of 1954.

Counterinsurgency

A military, political, and social strategy employed to combat and defeat insurgency movements, often involving both military and civic actions to win the support of the local population.

Arthur M. Schlesinger

A prominent American historian and political scientist known for his works on the history of American liberalism and the administrations of presidents such as FDR and JFK.

Foreign Lands

Territories or countries outside one's own nation, often referred to in contexts of international travel, investment, or diplomatic relations.