TechPark, a Manufacturing Company, Was in the Process of Formulating

question 16

Multiple Choice

 TechPark, a manufacturing company, was in the process of formulating a strategy in an attempt to improve the firm's competitive advantage. The managers began by evaluating the resources available within the organization to better understand how the firm should compete. Eventually, they decided to offer their products at a lower cost compared to that of their competitors. Identify the strategy used by the managers of TechPark.

• A) Corporate-level strategy
• B) Transnational strategy
• C) Business-level strategy
• D) Global strategy

---

Definitions:

Social Forces

The structures, institutions, and social dynamics that influence individuals and groups in society, shaping behaviors, attitudes, and opportunities.

Self-Actualization

The achievement of realizing one’s own talents and capabilities, seen as a natural desire or necessity inherent in all people.

Physiological Needs

Fundamental human requirements such as air, water, food, shelter, and sleep, which are necessary for survival according to Maslow's hierarchy of needs.

Preoccupied

Being engrossed or absorbed in thoughts, concerns, or activities, often to the extent of being unaware of other things.