John Wants His Shoe Store to Adopt the Strategy of Having

question 99

Multiple Choice

John wants his shoe store to adopt the strategy of having the lowest prices on shoes in town. John is adopting which competitive strategy?

• A)focusers
• B)differentiation
• C)cost leadership
• D)providing input to top management about industry trends

---

Definitions:

Tax Liability

The total amount of tax that an individual or entity is legally obligated to pay to a taxing authority.

Tax Incidence

The manner in which the burden of a tax is shared among participants in a market.

Tax Burden

The measure of the total amount of taxes that individuals, businesses, or other entities must pay, relative to their income or profits.

Tax Revenues

The income that is gained by governments through taxation, which is used to fund public services, government obligations, and goods.