When an Organization Focuses on Making Itself More Competitive by Producing

question 78

Multiple Choice

When an organization focuses on making itself more competitive by producing products more cheaply than competitors can,it is following a ________.

• A)stability strategy
• B)differentiation strategy
• C)focus strategy
• D)cost leadership strategy
• E)divestiture strategy

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Definitions:

Cash Management

The strategy and processes employed by a company to manage its cash flow effectively, ensuring liquidity and minimizing risk.

Inventory Levels

Refers to the quantity of goods available for sale and use by a business at any given time.

Bank Service Charge

Fees charged by banks for handling transactions, maintaining accounts, and providing other financial services.

NSF Cheque

A check that cannot be processed because the writer's account lacks sufficient funds, standing for Non-Sufficient Funds.