Firms That Have a ________ Strategy Strive to Have the Lowest

question 55

Multiple Choice

Firms that have a ________ strategy strive to have the lowest costs in the industry, relative to competitors' costs, and typically attract customers on that basis. In contrast, firms using a ________ strategy compete on the basis of providing unique or different products and typically compete on the basis of quality, service, timeliness, or some other important dimension.

• A) differentiation, cost leadership
• B) cost emphasis, quality leadership
• C) cost leadership, differentiation
• D) price reduction, quality plus
• E) cost differentiation, quality plus

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Definitions:

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brain and is encased in the vertebral column; it is a crucial part of the central nervous system.

Amygdala

A structure in the brain involved in emotion regulation, emotional memory, and responses to fear.

Medulla

Part of the brainstem involved in controlling involuntary functions such as breathing, heart rate, and blood pressure.

Brain Stem

The part of the brain connecting the spinal cord to the forebrain and cerebrum, controlling basic life functions like breathing and heart rate.