Which of the Following Statements About Simultaneously Pursuing Both a Low-Cost

question 79

Multiple Choice

Which of the following statements about simultaneously pursuing both a low-cost strategy and a differentiation strategy is true?

• A)Organizations stuck in the middle tend to have higher levels of performance than those that pursue a low-cost or a differentiation strategy.
• B)Focusing on the differentiation of a product will result in reduced costs for a company.
• C)Extremely well managed companies may be able to keep low costs and differentiate their products.
• D)Managers try to gain a competitive advantage by focusing only on driving the company's costs down below the costs of industry rivals.
• E)Managers try to gain a competitive advantage by focusing only on distinguishing an organization's products from the products of competitors on dimensions such as product design, quality, or after-sales service.

Understand the concept and applications of superordinate goals in reducing intergroup conflict.

Differentiate between various types of group cohesion and their effects on group dynamics.

Identify and explain the role of conformity and nonconformity within groups.

Distinguish between primary and secondary groups and their characteristics.

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Definitions:

Transition

The process of changing from one state or condition to another, often used in the context of personal, professional, or organizational changes.

Federal Legislation

Laws passed by the national government that apply across the entire country.

Legally Required

Obligations or duties that are mandated by law, which organizations or individuals must comply with.

Organizational Objectives

Specific goals a business or entity aims to achieve within a set timeframe.