A Firm That Has Traditionally Succeeded on the Basis of Its

question 59

Multiple Choice

A firm that has traditionally succeeded on the basis of its innovative products and excellent customer service has started to place greater emphasis on reducing waste and providing its customers with the lowest priced product.Which of the following most accurately describes this change of competitive strategy?

• A)Cost leadership to differentiation.
• B)A balanced strategy to cost leadership.
• C)Differentiation to a balanced strategy.
• D)Cost leadership to a balanced strategy.
• E)Differentiation to cost leadership.

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Definitions:

Reinforcement

The process of encouraging or establishing a pattern of behavior by offering reward or punishment.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, through which an association is made between a behavior and a consequence for that behavior.

Curfew Extension

The act of prolonging the time before which individuals must cease activities or be indoors, typically imposed by authorities as a regulation or order.

Electric Shock

A sudden discharge of electricity through a part of the body, which can cause injury or psychological impact.