Which of the Following Statements Is True for Companies That

question 74

Multiple Choice

Which of the following statements is true for companies that employ cost strategies?

• A)They focus on high-quality production rather than efficient production.
• B)They are very specific in the skills they require from their employees.
• C)They shy away from investing in training employees in the skills they need.
• D)They seek greater creativity by providing broader career paths to employees than companies that employ differentiation strategy.
• E)They encourage their employees to take greater risks.

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Definitions:

Service Mark

A trademark used to identify and distinguish the services (rather than products) of one provider from those of others.

Trade Name

The name under which a business operates and is known to the public, different from its legal name.

Weather Announcer

A person or system that communicates weather forecasts and conditions to the public.

Patent Law

The area of law that deals with the protection of inventions, granting inventors exclusive rights to use, make, and sell their inventions for a certain period.