A Focused Low-Cost Strategy Seeks to Achieve Competitive Advantage By

question 98

Multiple Choice

A focused low-cost strategy seeks to achieve competitive advantage by:

• A) outmatching competitors in offering niche members an absolute rock-bottom price.
• B) delivering more value for the lesser money than other competitors.
• C) performing the primary value chain activities at a lower cost per unit than can the industry's low-cost leaders.
• D) dominating more market niches in the industry via a lower cost and a lower price than any other rival.
• E) serving buyers in a narrow piece of the total market (target market niche)at a lower cost and lower price than rivals.

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Definitions:

Personally Liable

Being personally responsible for fulfilling the obligations of a debt or liability, not limited to the resources of a business or corporation.

Authorized Agent

An individual or organization legally empowered to act on behalf of another person or entity.

Discharge of Liability

The release of a debtor from the obligation to repay a debt, either through payment of the debt, through legal processes, or by agreement with the creditor.

Real Defenses

Legitimate legal defenses that can be asserted regardless of the contract's validity, often used in negotiating or contesting payment obligations.