The Main Difference Between Companies Following a Broad Low-Cost Strategy

question 60

Multiple Choice

The main difference between companies following a broad low-cost strategy and those following a focus low-cost strategy is in the:

• A)standardized market price.
• B)industry life cycle stage.
• C)degree of market segmentation.
• D)age of the market.
• E)market trajectory.

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Definitions:

High Consensus

A situation where there is widespread agreement among members of a group or organization, often indicating uniformity of opinion or perspective.

External Attribution

The process of attributing the cause of an observed behavior or outcome to factors outside the individual, such as the situation or other people.

Self-Fulfilling Prophecies

Expectations about a situation or individual that elicit behaviors which make the prediction come true, reinforcing the original expectation.

Low Sense of Achievement

The feeling of not having accomplished significant goals, tasks, or objectives, often leading to dissatisfaction or lack of motivation.