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:

Categories

Groups or classes that items, people, or ideas are put into based on shared characteristics or attributes.

Goals

Targets or outcomes that an individual or group aims to achieve through deliberate actions or efforts.

Educational Group

A set of individuals gathered to acquire knowledge or skills through structured learning and activities.

Particular Topic

A specific area or subject of discussion, research, or interest.