Cost Focus Strategy Refers to One of Porter's Generic Business

question 69

Multiple Choice

cost focus strategy refers to one of Porter's generic business strategies that

• A) focuses on reducing expenses and, in turn, lowers product prices, while targeting a broad array of market segments.
• B) requires products to have significant points of difference to target one or only a few market segments.
• C) requires products to have significant points of difference to charge a higher price while targeting a broad array of market segments.
• D) involves controlling expenses and, in turn, lowering product prices targeted at a narrow range of markets segments.
• E) seeks opportunities by finding the optimum balance between marketing efficiencies versus R&D-manufacturing efficiencies.

Be aware of the factors influencing sexual arousal and desire, including the impact of external stimuli and hormone levels.

Recognize sexual dysfunctions and their psychological and physiological aspects.

Understand the prevention and risk factors associated with sexually transmitted infections (STIs) and HIV.

Understand the causes and impacts of sexually transmitted infections (STIs), including AIDS.

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Definitions:

Environmental Opportunities

Circumstances or trends in the environment that can be leveraged for strategic advantage or innovation.

Organizational Strengths

Organizational strengths are the unique resources, capabilities, and positive attributes that enable an organization to achieve its goals and maintain a competitive advantage.

Failures of Substance

Refers to errors or mistakes due to inadequate knowledge, skills, or capabilities.

Strategy Selection

The process of choosing the most appropriate course of action for an organization to achieve its goals.