________ Is an Organisation's Ability to Achieve Lower Costs Relative

question 98

Multiple Choice

________ is an organisation's ability to achieve lower costs relative to competitors through productivity and efficiency improvements,elimination of waste,and tight cost control.

• A)Product differentiating
• B)Cost leadership
• C)Market growth
• D)Product pricing

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Definitions:

Satellite

A man-made satellite launched to circle the Earth or another celestial body to gather data or facilitate communication.

Microwave

Electromagnetic waves with frequencies between 300 MHz and 300 GHz, used in telecommunications, cooking, and radar technology.

Radio

A technology that uses radio waves to transmit and receive sound and other types of information.

Fiber

A type of material used in making textiles or a dietary component found in foods, or in technology, thin strands of glass or plastic used in fiber-optic communications.