If a Company Produces a Uniquely Formulated Anti-Ageing Face Cream

question 55

Multiple Choice

If a company produces a uniquely formulated anti-ageing face cream targeted at women above the age of forty,which of the following competitive strategies is it following?

• A)industry-wide low cost
• B)industry-wide differentiation
• C)focused low cost
• D)focused differentiation

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Definitions:

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Capital Stock Per Worker

A measure of the amount of capital available per employee in a company or economy, indicating the level of investment in tools, buildings, and equipment each worker has to work with.

Output Per Worker

The average production or output produced per unit of labor, often used as a measure of labor productivity.

GDP Devoted To Investment

The portion of the Gross Domestic Product that is spent on investments in capital goods, infrastructure, and other activities to promote economic growth.