Both Cost Leadership and Differentiated Firms Can Improve on Execution

question 66

Multiple Choice

Both cost leadership and differentiated firms can improve on execution through:

• A)Improved automation and a higher output of products.
• B)Benchmarking and total quality management.
• C)Cost cutting and downsizing of personnel.
• D)Emphasis on research and product development.
• E)None of the above.

---

Definitions:

Slave Trade

The historical trade in enslaved Africans, transported primarily to the Americas, which formed part of a triangular trade route involving Europe, Africa, and the Americas.

African American Culture

A combination of social, artistic, and religious practices and contributions developed by African Americans through their shared history and experience in the United States.

National Bank

A financial institution chartered by the government, typically involved in regulating currency supply, managing international reserves, and serving as a banker to the government.

Foreign Trade

The exchange of goods, services, and capital between countries or territories.