Which Strategy Raises the Questions of Whether to Compete on the Basis

question 93

Multiple Choice

Which strategy raises the questions of whether to compete on the basis of lower cost or differentiation and whether to compete for the biggest market or a niche market?

• A) business
• B) corporate
• C) competitive
• D) functional
• E) focus

---

Definitions:

Piaget's Theory

A theory of cognitive development that describes how children's thinking evolves in stages as they interact with their environment.

Preoperational Thought

A stage in Piaget's theory of cognitive development where children from about 2 to 7 years old are able to use symbols and language but do not yet understand concrete logic.

Assimilation

The process by which individuals or groups of differing ethnic heritage are absorbed into the dominant culture of a society.

Accommodation

In cognitive psychology, the process of modifying existing cognitive schemas, perceptions, and understandings to incorporate new information.