Arrow Corp

question 76

Multiple Choice

Arrow Corp. attempts to gain a competitive advantage by driving down its production costs per unit below those of its competitors. Arrow is pursuing a(n) _______ strategy.

• A) focused differentiation
• B) low-cost
• C) related diversification
• D) unrelated diversification

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Definitions:

Exports

Goods or services produced in one country and sold to buyers in another, contributing to a country's economic growth and balance of trade.

Imports

Goods and services bought by a country from another country.

Trade Deficit

The amount by which the value of a nation’s imports exceed the value of its exports.

International Payments

Transactions between countries involving the transfer of money and payments for goods and services across borders.