An Organization Is Developing a Low-Cost Line of Environmentally Friendly

question 60

Multiple Choice

An organization is developing a low-cost line of environmentally friendly cleaning products that it intends to distribute internationally.Here, the organization is following a ______ strategy.

• A)cost leadership
• B)differentiation
• C)cost focus
• D)retrenchment
• E)focused-differentiation

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Definitions:

Monetary Policy

Measures undertaken by a government's central bank to control the money supply and influence economic conditions.

Supply of Money

The sum of financial resources present within an economy at a certain point in time.

General Level of Prices

An average or overall measure of the prices of goods and services in an economy at a given time, often used to assess inflation.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculated as the total value of all goods and services produced within the country's borders in a specific time period.