Which Business Strategy Involves Implementing a New,more Efficient Set of Business

question 54

Multiple Choice

Which business strategy involves implementing a new,more efficient set of business processes that other firms cannot yet obtain?

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

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Definitions:

Glycerol

A simple polyol compound that serves as a building block for lipids and can be converted into glucose by the liver.

Fatty Acids

Long chains of hydrocarbon molecules that are components of fats and oils, important in diet and metabolism.

Disaccharide

Condensation product of two monosaccharides by the elimination of water.

Sucrose

A type of sugar, made of glucose and fructose, often referred to as table sugar.