The Integration of a Cost Leadership Strategy and a Differentiation

question 11

Multiple Choice

The integration of a cost leadership strategy and a differentiation strategy will:

• A)slow the ability of a firm to respond
• B)lower a firm's risks
• C)not be used extensively in the future
• D)allow a firm to adapt more quickly

---

Definitions:

Nonexcludable

Nonexcludable goods are those that cannot feasibly or reasonably be kept from individuals who do not pay for them, one of the characteristics of public goods.

Nonrival

A characteristic of a good whereby one person's consumption does not prevent or decrease the ability of others to enjoy it as well.

Private Good

A product or service that is consumed by a single individual or household and cannot be used or consumed by others simultaneously.

Pizza

A popular Italian dish consisting of a usually round, flat base of leavened wheat-based dough topped with tomatoes, cheese, and often various other ingredients, which is then baked at a high temperature.