Staples Sells Office Supplies and Machines,furniture,and Technology and Business Services

question 78

Multiple Choice

Staples sells office supplies and machines,furniture,and technology and business services both in stores and online.It sells every kind of stationery that one can imagine.It has over 2,000 stores worldwide in 26 countries.This is most likely an example of a(n) ________.

• A) industry-wide differentiation strategy
• B) focused differentiation strategy
• C) focused cost leadership strategy
• D) industry-wide cost leadership strategy

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Definitions:

Marginal Revenue Product

The additional revenue that a firm generates by employing one more unit of input, like labour or capital.

Pricing Power

The ability of a company or sector to dictate the price of its goods or services in the market.

Talent

Natural ability or skill possessed by individuals, often refined through practice and training.

ATMs

Automated Teller Machines, electronic banking outlets that allow customers to complete basic transactions without the need for a branch representative.