Which of the Following Statements Concerning Cost Strategies Is Not

question 29

Multiple Choice

Which of the following statements concerning cost strategies is not true?

• A) Cost strategies are aimed at a small niche market.
• B) Small businesses in a variety of industries make use of cost strategies.
• C) In a cost strategy,you try to show how your firm offers a combination of cost benefits that appeal to the customer.
• D) A cost strategy comes when a small business can pursue a very low cost operation.

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Definitions:

Leadership Roles

Responsibilities or functions assumed by individuals in leadership positions to guide, direct, and influence the behavior and work of others.

Social Values

Principles that are considered important in social interaction and community life, influencing behavior and cultural norms.

Servant Leadership

A leadership philosophy which emphasizes the leader's role as serving the needs of others, prioritizing the well-being and development of team members.

Management By Exception

A management style where leaders only intervene when performance deviates from standards.