________ Refers to an Organization's Ability to Achieve Lower Costs

question 138

Multiple Choice

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

• A) Marketing strategy
• B) Product differentiation
• C) Cost leadership
• D) Competitor differentiation

---

Definitions:

Contingent Reward

A leadership strategy where rewards are given for achieving specific performance criteria or desired behaviors.

Management-By-Exception

A leadership strategy where managers intervene and take corrective action only when performance does not meet standards, otherwise allowing employees to work independently.

Transformational Leadership

A leadership style characterized by the ability to inspire and motivate followers to exceed their own interests for the sake of the organization or a greater cause.

Millennials

A generational cohort following Generation X, typically described as those born from the early 1980s to the late 1990s.