An Organization Attempts to Gain a Competitive Advantage by Aiming

question 64

Multiple Choice

An organization attempts to gain a competitive advantage by aiming its efforts at driving down its production costs per unit below those of its competitors.This is known as which type of strategy?

• A)Focused differentiation strategy
• B)Low-cost strategy
• C)Related diversification strategy
• D)Unrelated diversification strategy
• E)Concentration on a single business strategy

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Definitions:

Disease

A disorder of structure or function in a human, animal, or plant, especially one that produces specific symptoms or affects a specific location and is not simply a direct result of physical injury.

Poaching

The illegal hunting, capturing, or collecting of wildlife, typically violating local or international conservation laws.

Sport Hunting

The practice of hunting wild animals for recreational purposes, often regulated by laws to ensure sustainability and ethical treatment of wildlife.