Successful Implementation of a ________ Strategy Requires a Company to Develop

question 75

Multiple Choice

Successful implementation of a ________ strategy requires a company to develop unique competencies that rivals find hard, if not impossible, to match or copy.

• A)differentiation
• B)cost leadership
• C)globalization
• D)marketing

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Definitions:

Rigorous

Characterized by a strict attention to detail; thorough and exacting.

Standard

A set of guidelines or principles established as a basis for comparison or measurement in quality assessment, production, and compliance.

Budget

A financial plan for a defined period, outlining an organization's projected revenues, expenses, and capital expenditures.

Standard Costs

Pre-determined or estimated costs of manufacturing, selling, or performing a service under normal conditions.