Which of the Following Is True of a Focus Strategy

question 49

Multiple Choice

Which of the following is true of a focus strategy?

• A) It is oriented toward either low cost or differentiation.
• B) It is either industry-wide or focused on a single segment.
• C) It offers an identical product at a lower cost than the competition.
• D) It has a broad target scope.

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Definitions:

Objectivity and Verifiability

Accounting principles emphasizing the importance of unbiased financial information and the ability to confirm the accuracy of this data.

Just-In-Time (JIT)

A manufacturing strategy that aims to reduce inventory levels and increase efficiency by producing products only as they are needed.

Defects Tolerated

The acceptable number or percentage of defects or errors allowed in a production or manufacturing process.

Total Quality Management

A comprehensive management approach that focuses on continuous quality improvement of products and services by involving all employees.