A ________ Refers to a Competitive Strategy in Which Firms

question 49

Multiple Choice

A ________ refers to a competitive strategy in which firms attempt to achieve lower business process costs.

• A) strategy of cost competition
• B) scope strategy
• C) customer intimacy strategy
• D) focus/market niche strategy

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Definitions:

Booker T. Washington

An influential African American educator and leader in the late 19th and early 20th centuries, advocating for the vocational education of black Americans as a path to their improvement in society.

Segregation

The mandated division of diverse racial groups within a nation, community, or institution.

Political Affairs

Refers to activities or policies related to governance, public administration, and the management of the state or nation.

Spanish-American War

A conflict between the United States and Spain in 1898, resulting in the U.S. gaining territories in the Pacific and the Caribbean, such as Puerto Rico, Guam, and the Philippines.