A Firm That Has Traditionally Succeeded on the Basis of Its

question 56

Multiple Choice

A firm that has traditionally succeeded on the basis of its innovative products and excellent customer service has started to place greater emphasis on reducing waste and providing its customers with the lowest priced product.Which of the following most accurately describes this change of competitive strategy?

• A)Cost leadership to differentiation.
• B)Focus to cost leadership.
• C)Differentiation to focus.
• D)Cost leadership to focus.
• E)Differentiation to cost leadership.

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Definitions:

Change

The process or act of making something become different, often leading to new structures, behaviors, or paradigms within a society or personal life.

Reconstruction

A period after the American Civil War (1865-1877) aimed at rebuilding and reintegrating Southern states back into the Union.

Reconstruction Amendments

Amendments to the United States Constitution adopted during the Reconstruction era, including the 13th, 14th, and 15th amendments, which abolished slavery, granted citizenship rights, and prohibited voter discrimination based on race.

Federal Government

The national government of a federal country, which has specific powers delegated to it by a constitution, distinguished from state or provincial governments.