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:

Gray Matter

Neural tissue in the brain and spinal cord consisting mainly of neuronal cell bodies, dendrites, and unmyelinated axons, involved in processing and cognition.

Circulatory System

The system responsible for the movement of blood and lymph through the body, delivering oxygen and nutrients to cells and removing waste products.

Respiratory System

The biological system consisting of specific organs and structures used for gas exchange in animals and plants, primarily involving the inhalation of oxygen and the exhalation of carbon dioxide in humans and other mammals.

Menarche

The onset of menstruation.