What Elements of Car Design Did Tata Change in Order

question 32

Multiple Choice

What elements of car design did Tata change in order to produce their CVP?

• A)product design
• B)manufacturing process
• C)service model
• D)all of these

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Definitions:

Hybrid Strategy

A competitive business strategy that combines elements of cost leadership and differentiation strategies, aiming to provide high value at a lower cost.

Customer Focus

A business orientation that prioritizes the needs and requirements of customers in product development and service delivery.

Cost Leadership

A strategy where a company aims to become the lowest cost producer in the industry to gain competitive advantage.

Top-down Approach

A strategic decision-making process that begins at the highest level of an organization and proceeds downwards, based on the overall objectives and strategic direction.