A Company Using a Narrow Scope in Its Business Strategy

question 45

Multiple Choice

A company using a narrow scope in its business strategy is

• A) following a cost leadership business strategy.
• B) focusing on a broad array of geographic markets.
• C) limiting the group of customer segments served.
• D) decreasing the number of activities on its value chain.

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Definitions:

Staffing

The process of hiring, positioning, and overseeing employees in a company to ensure effective and efficient operations.

Per Capita Requirement Costs

The average cost required to meet the needs of each individual within a population or group.

Compensation System

The complete package of monetary and non-monetary benefits provided by an employer to reward employees.

Business Indicator

Metrics or measures that provide insights into the health and direction of a business.