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:

Output Per Capita

The total value of all goods and services produced by an economy in a given period divided by the population size.

Per Capita Output

A measure of a country's economic output that divides the total gross domestic product (GDP) by its population.

Labor Force

The total number of people available for work, including both the employed and those unemployed but seeking employment.

Tax Rates

The percentage at which an individual or corporation is taxed by the government on income or profits.