Compared to a Differentiator, the Company That Follows a Low-Cost

question 72

Multiple Choice

Compared to a differentiator, the company that follows a low-cost strategy has the advantage of:

• A)distinguishing its products from those of rivals by offering something that they fmd hard to match.
• B)absorbing cost increases by powerful suppliers while keeping to their lower pricing.
• C)allowing the company to charge a premium price for its good or service.
• D)using perceived superior value to generate growth in demand among customers.
• E)creating entry barriers for rivals with greater brand loyalty to the specific products offered.

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Definitions:

Autocratic Leader

A type of leader who makes decisions unilaterally without consulting subordinates, often resulting in quick decision-making but at the cost of employee satisfaction.

Laissez-faire Style

A leadership approach characterized by minimal supervision, where employees are given freedom to make decisions and take action.

Authority And Information

The power or right to make decisions, often based on possession of specific knowledge or data.

Task-oriented

A focus on completing specific tasks or objectives, often emphasizing efficiency and productivity.