Examlex
Which of the following is a fossil fuel?
Lower Cost
The strategy or condition of achieving a reduction in expenses, leading to a competitive pricing advantage or higher profit margins.
Cost Focus
A business strategy aiming to become the lowest-cost producer in an industry for a particular segment or niche.
Generic Business Strategy
A basic framework for a business approach focusing on cost leadership, differentiation, or focus/niche to achieve competitive advantage.
Cost Focus
A business strategy that aims to become the lowest-cost producer in an industry or market segment to gain a competitive advantage.
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