An Organization Strives for Internal Efficiency with A(n) __________ Strategy

question 184

Multiple Choice

An organization strives for internal efficiency with a(n) __________ strategy.

• A) integration
• B) diversification
• C) differentiation
• D) defensive
• E) cost leadership

---

Definitions:

United States Imports

Goods and services brought into the United States from other countries for sale or use.

Comparative Advantage

The ability of a country or individual to produce a particular good or service at a lower opportunity cost than its trade partners.

Heckscher-Ohlin Theorem

A theory that explains the existence of a country’s comparative advantage by its factor endowments: A country has a comparative advantage in the production of a product if that country is relatively well endowed with inputs used intensively in the production of that product.

Resource Allocation

The process of assigning and managing assets in a manner that supports an organization's strategic goals.