A Company That Follows the Strategy Customizes Its Offering to a Particular

question 63

Multiple Choice

A company that follows the strategy customizes its offering to a particular niche in order to outsell its rivals.

• A)focused differentiation
• B)broad low-cost
• C)market standardization
• D)rapid growth
• E)stuck in the middle

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Definitions:

Direct Labor

The wages and benefits paid for labor that is directly involved in the production of goods or the provision of services.

Variable Selling

This term likely refers to variable selling expenses, which are costs that fluctuate with sales volume, such as commissions or shipping fees.

Administrative Expense

Costs related to the general operation of a business, such as office supplies, salaries of administrative staff, and utilities, but not linked directly to production or sales.

Budgeted Selling Price

The anticipated amount for which a product or service is expected to sell, as determined during the budgeting process.