Axis Auto Tries to Keep Its Operational Spending as Low

question 3

Multiple Choice

Axis Auto tries to keep its operational spending as low as possible so that it can pass its savings on to customers in the form of lower prices.This is known as a ________ strategy.

• A)cost-leadership
• B)differentiation
• C)specialization
• D)growth

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Definitions:

PsyD Degree

A Doctor of Psychology degree focused on the practice of psychology and the delivery of therapeutic services rather than on research.

PhD Degree

The highest academic degree awarded by universities in most fields of study, denoting the bearer has reached the top level of academic achievement in their field.

Nature-Nurture

The debate surrounding the relative contributions of genetic inheritance and environmental factors to human development and personality.

Behavioral Differences

Variations in actions or reactions among individuals or groups due to genetic, environmental, or psychological factors.