The Competitive Strategy in Which the Firm Succeeds by Producing

question 26

Multiple Choice

The competitive strategy in which the firm succeeds by producing at the lowest cost in the industry is termed:

• A)Differentiation.
• B)Cost advantage.
• C)Price strategy.
• D)Cost leadership.
• E)Resource-based strategy.

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Definitions:

Filiform Papillae

Small, thread-like projections on the tongue that do not contain taste buds but are important for the tactile sensation.

Large Intestine

The final portion of the digestive system, responsible for water absorption and the formation of feces.

Gallbladder

A small, pear-shaped organ located beneath the liver which stores and concentrates bile.

Simple Cuboidal Epithelium

A type of epithelial tissue consisting of a single layer of cube-shaped cells, typically involved in secretion and absorption.