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:

External Analysis

The examination of factors outside an organization that can impact its performance, including market trends and competition.

Strengths

Positive attributes or characteristics within an organization or individual that provide advantages in achieving objectives or competing in the marketplace.

Weaknesses

Characteristics or areas within an entity or system that reduce its effectiveness or performance compared to the ideal or standard.

Competitive Advantage

A unique attribute or position a company holds that allows it to outperform its competitors, generating greater sales or margins.