The Strategy That Is Based on an Organization's Ability to Provide

question 204

Multiple Choice

The strategy that is based on an organization's ability to provide a product or service at a lower cost than its rivals is referred to as:

• A) discount
• B) differentiation
• C) low-cost
• D) focused

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Definitions:

Secretly Competes

When an individual or entity engages in competition against another party without their knowledge, often violating a trust or agreement.

Business Transaction

The process of buying, selling, or exchanging goods, services, or any kind of financial relation between businesses or between a business and a consumer.

Breached Fiduciary Duty

A violation of the obligation to act in the best interest of another party, often related to situations of trust and confidence.

Profit Made

The financial gain achieved when the amount earned from a business activity exceeds the expenses, costs, and taxes.