With A(n) __________ Strategy, the Organization Aggressively Seeks Efficient Facilities

question 76

Multiple Choice

With a(n) __________ strategy, the organization aggressively seeks efficient facilities, pursues cost reductions, and uses tight cost controls to produce products more efficiently than competitors.

• A) cost leadership
• B) differentiation
• C) focus
• D) diversification
• E) export

---

Definitions:

Communism

A political and economic ideology advocating for a classless society in which property and the means of production are owned communally, and each person works and is remunerated according to their abilities and needs.

Division of Labor

The allocation of different parts of a manufacturing process or task to different people to improve efficiency and productivity.

Repetitive Tasks

Activities or processes that are performed in the same manner repeatedly over a period of time.

Capitalism

A system where the production means are privately owned and goods or services are produced for profit.