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:

Conservation

The practice of protecting the natural environment and preserving natural resources from loss, degradation, or waste.

Frontier

The edge of a settled area, or the boundary between the known and unknown, often associated with westward expansion in American history.

Railroads

Systems of tracks along which trains run, a major form of transportation for both goods and passengers, historically significant in the development and expansion of countries.

Development

The process of economic growth, expansion, or realization of social and cultural potential within a country or region.