Which of the Following Business-Level Strategies Should a Company Follow

question 81

Multiple Choice

Which of the following business-level strategies should a company follow in order to charge a higher price for its products and enjoy greater customer loyalty?

• A)differentiation strategy
• B)stability strategy
• C)mass customization strategy
• D)retrenchment strategy

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Definitions:

Expenditures

The act of spending money or utilizing resources for various purposes, including paying for goods, services, or obligations.

Expected-Rate-Of-Return

The forecasted percentage gain or loss that an investment is anticipated to generate over a specified period.

Average Total Cost

the cost per unit is calculated by dividing the entire production cost by the quantity of units produced.

Total Revenue

The total amount of money generated from the sale of goods or services by a company before any expenses are subtracted.