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

question 82

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 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 the target market niche at a lower cost and lower price than rivals.

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Definitions:

Work Experiences

The knowledge, skills, practices, and insights gained by an individual as a result of their participation in the workforce.

Moral Manager

Makes ethical behavior a personal goal.

Archie Carroll

Refers to a scholar known for his work on corporate social responsibility and the pyramid model that outlines the responsibilities of businesses.

Ethical Principles

Fundamental guidelines that dictate the conduct of individuals and organizations based on notions of right and wrong.