Which of the Following Is an Organizational Strategy Based on Competitive

question 11

Multiple Choice

Which of the following is an organizational strategy based on competitive advantage?

• A) Cost leadership strategy
• B) Market penetration strategy
• C) Market diversification strategy
• D) Product development strategy

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Definitions:

Small Business Owner

An individual who owns and operates a business of small size, defined by revenue, assets, or number of employees.

Middleman Intermediaries

Entities that facilitate transactions between buyers and sellers by acting as a link, often helping in the distribution or selling of goods and services.

Functions

are fundamental operations or activities that are carried out within an organization in order to achieve its objectives.

Find A Business

The process of identifying and locating a particular company or entrepreneurial opportunity within a specific industry or market.