Primark,a Fashion Retailer,has Found a Way to Keep Its Cost

question 37

Multiple Choice

Primark,a fashion retailer,has found a way to keep its cost structure lower than its rivals by leveraging streamlined logistics,a low marketing budget,and negotiating bargain prices from its suppliers.They are using a(n) ________ strategy.

• A) differentiation
• B) overall cost leadership
• C) focus
• D) broad differentiation

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Definitions:

Class Inclusion

A cognitive ability, identified in Piaget's theory, to understand that a general category can encompass several subcategories.

Classification Ability

The capacity to organize objects, ideas, or information into categories based on common characteristics or criteria.

Animals

Multicellular, eukaryotic organisms in the kingdom Animalia (also called Metazoa), which are typically characterized by their ability to move, reproduce sexually, and consume organic material.

Conservation Abilities

Cognitive skills that enable a person to understand that certain properties of objects, like volume and number, remain the same despite changes in form or arrangement.