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

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Definitions:

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth.

Present Value

The current valuation of a future financial sum or stream of payments, factoring in a set rate of return.

Interest Rate

A lender demands a fee, represented as a percentage of the principal, from a borrower for asset utilization.

Payment

is the transfer of money or goods from one party to another in exchange for goods, services, or to fulfill a legal obligation.