All of the Following Are Possible Threats to the Low-Cost

question 93

Multiple Choice

All of the following are possible threats to the low-cost strategic position except ________.

• A) new technology
• B) inferior quality
• C) economic risk of outsourcing
• D) overfulfilling buyers' needs

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Definitions:

Auto Insurance

A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident.

Federal Government

The national government of a federated state, which holds the authority to govern the issues that affect the entire country.

Health Insurance

A form of insurance that covers the cost of an insured individual's medical and surgical expenses.

Obamacare

Informal term for the Affordable Care Act, a comprehensive health care reform law enacted in March 2010 in the United States aimed at expanding health insurance coverage and reducing healthcare costs.