When Technological Change Is Low and Customer Needs Are Well

question 6

Multiple Choice

When technological change is low and customer needs are well established and standardized,the most appropriate generic strategy to pursue is

• A) market concentration.
• B) differentiation.
• C) focus.
• D) asset reduction.
• E) cost leadership.

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Definitions:

Legal Obligation

A duty enforced by law, requiring an individual or organization to conform to a certain standard of conduct.

CD Of The Month Club

A subscription service that sends members a new compact disc, usually focused on a particular genre or theme, every month.

Consideration Issue

A concept in contract law referring to the requirement that both parties exchange something of value for a contract to be enforceable.

Off-Duty Police Officer

A law enforcement officer who is not currently engaged in their official duties or responsibilities.