Which of the Following Is a Strategy for a Low-Cost

question 126

Multiple Choice

Which of the following is a strategy for a low-cost producer?

• A)competing in an industry on the basis of product quality
• B)capitalizing on a key product criteria requested by the market
• C)competing in an industry on the basis of product or service cost to the consumer
• D)competing in an industry on the basis of product quantity

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Definitions:

World Policeman

A colloquial term sometimes used to describe a nation (often the United States) taking an active role in enforcing international norms and peace.

Totalitarian Regime

A political system in which the state holds total authority over the society and seeks to control all aspects of public and private life wherever possible.

National Security Agency

A U.S. government agency responsible for global monitoring, collection, and processing of information and data for foreign and domestic intelligence and counterintelligence purposes.

Domestic Telephone Conversations

Phone calls made within a country's borders, as opposed to international calls which cross country lines.