Of Porter's Generic Business Strategies That Focuses on Reducing Expenses

question 17

Multiple Choice

of Porter's generic business strategies that focuses on reducing expenses and,in turn,lowers product prices while targeting a broad array of market segments,is referred to as a

• A) differentiation focus strategy.
• B) cost focus strategy.
• C) differentiation strategy.
• D) cost leadership strategy.
• E) supply focus strategy.

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Definitions:

Probability of Effect

refers to the likelihood or chance that a specific action or condition will lead to a particular outcome or result.

Concern for Harmony Principles

Ethical values that prioritize peaceful, cooperative, and non-confrontational relations among individuals or groups.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives.

Regulations

Rules or directives made and maintained by an authority to regulate behavior, ensuring standards are met within industries, communities, or systems.