One of Porter's Generic Business Strategies That Focuses on Reducing

question 197

Multiple Choice

One of Porter's generic business strategies that focuses on reducing expenses and, in turn, lowers product prices while targeting a broad array of market segments, is referred to as a

• A)differentiation focus strategy.
• B)cost focus strategy.
• C)differentiation strategy.
• D)cost leadership strategy.
• E)supply focus strategy.

---

Definitions:

Vendor Reports

Reports generated in accounting software that provide details on transactions and outstanding balances with suppliers.

Reports Center

A feature in accounting or business software that consolidates various financial reports and analysis tools in one easily accessible location.

QuickBooks Window

The interface or screen of the QuickBooks accounting software through which users can access various financial and accounting features.

Inventory List

A detailed record keeping all items or products held in stock by a business.