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kavya patel
on Oct 22, 2024

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Which of the following is a defining characteristic of a focused cost leadership?

A) It offers a regular product to a common market segment.
B) It seeks the lowest costs of operations within a special market segment.
C) It analyzes business opportunities according to market growth rate.
D) It focuses on substantial penetration of expanding markets.
E) It involves decreasing the size of operations.

Focused Cost Leadership

A strategy where a company aims to be the lowest cost producer in a particular niche or segment.

Market Segment

A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product and service needs.

Operations

The day-to-day activities involved in running a business, focusing on the efficient and effective production and delivery of goods and services.

  • Understand the concept of focused cost leadership and its importance in competitive strategy.
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LT
Lindsey TaylorOct 27, 2024
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