A Cost Focus Strategy Refers to One of Porter's Generic

question 9

Multiple Choice

A cost focus strategy refers to one of Porter's generic business strategies that

• A)focuses on reducing expenses and,in turn,lowers product prices,while targeting a broad array of market segments.
• B)requires products to have significant points of difference to target one or only a few market segments.
• C)requires products to have significant points of difference to charge a higher price while targeting a broad array of market segments.
• D)involves controlling expenses and,in turn,lowering product prices targeted at a narrow range of markets segments.
• E)seeks opportunities by finding the optimum balance between marketing efficiencies versus R&D-manufacturing efficiencies.

Recognize the use of federal spending power to achieve social welfare objectives.

Understand the constitutional protections afforded to political and commercial speech.

Comprehend how the Constitution and its amendments impact government regulation of business and protect individual rights.

Understand the developmental processes of middle childhood, including cognitive and social-emotional growth.

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Definitions:

Mutual Fund Performance Measures

Metrics used to evaluate and compare the performance of mutual funds, including measures of risk, return, and the adjustment of performance for risk.

Nearly Efficient Markets

Markets where prices reflect all available information to some degree but may not always be perfectly efficient.

Portfolio Managers

Investment management professionals who select and manage a mixture of investments in order to meet specified investment goals for the benefit of their clients.

Market

The arena in which buyers and sellers engage in the exchange of goods, services, or financial instruments.