A Business-Level Strategy in Which a Company Exploits Economies of Scale

question 41

Multiple Choice

A business-level strategy in which a company exploits economies of scale is called a ________.

• A) differentiation strategy
• B) stability strategy
• C) low-cost leadership strategy
• D) retrenchment strategy

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Definitions:

Ambiguous Contract

A contractual agreement that is unclear or can be understood in more than one way due to vague or conflicting terms.

Sale-Or-Return

A sales agreement that allows the buyer to sell the goods and return any unsold items back to the supplier.

Risk Of Loss

Refers to the potential for financial loss in a transaction or investment, often concerning who bears the responsibility if goods are damaged or lost.

Courier Service

A company that provides fast and secure delivery of packages, documents, and other goods from one location to another.