What Kind of Strategy Is One by Which a Firm

question 21

Multiple Choice

What kind of strategy is one by which a firm maintains price parity with its competitors and profits from its benefit or cost advantage primarily through high price-cost margins,rather than through a higher market share?

• A)Pricing strategy
• B)Share strategy
• C)Margin strategy
• D)Focus strategy
• E)Generic strategy

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Definitions:

Government Agencies

Public sector entities established by a government to implement legislation, govern, and administer public policy.

Incorporation

The process of legally declaring a corporate entity as separate from its owners, providing limited liability and other benefits.

Individual Farmers

Independent agricultural producers who manage and operate their own farming businesses.