Which of the Following Generic Business-Level Strategies Is Based on the Intent

question 59

Multiple Choice

Which of the following generic business-level strategies is based on the intent to lower costs so that a company can lower prices and still make a profit?

• A) Broad low-cost strategy
• B) Price differentiation strategy
• C) Broad differentiation strategy
• D) Focused differentiation strategy
• E) Focused low-cost strategy

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Definitions:

Ledger Statement

A comprehensive record that captures all financial transactions of a business or individual, categorized into accounts.

Credit Periods

The time frame offered by a seller to a buyer to pay for the goods or services purchased on credit.

Consumer Demand

The desire coupled with the purchasing power for specific goods or services that consumers are willing and able to buy at a given time.

Optimal Credit Policy

The credit terms that balance the costs and benefits to the firm, maximizing profitability while minimizing risk.