Which of the Following Is Essential If an Organization Has

question 100

Multiple Choice

Which of the following is essential if an organization has to follow a low-cost leadership strategy?

• A)market leadership on product quality
• B)relentless search for ways to reduce operating expenses
• C)product differentiation to distinguish itself from competitors
• D)focus on a segment or sector of the market

---

Definitions:

Medicare

A federal program in the United States that provides health insurance to people aged 65 and over, and to younger individuals with disabilities.

Criminal Conduct

Behavior that violates laws and is punishable by the state or other jurisdiction.

Civil Lawsuit

A legal dispute between two or more parties seeking monetary damages or specific performance rather than criminal sanctions.

Tort

A civil wrong or injury that leads to legal liability, allowing the injured party to seek compensation for damages caused by the tortfeasor.