Business strategies include overall cost leadership, differentiation, and combination.

What factors should be considered if a company plans to adopt cost leadership strategy?

Provide low-price products to one group of customers is focused cost leadership strategy.

When using the____, there is a potential danger of a broad-market cost leader.( ) A: cost leadership B: differentiation strategy C: differentiation focus strategy D: cost focus strategy

A cost leadership strategy requires a firm to ________. A: match its competition in terms of costs B: aim at a cost advantage in a niche market C: maintain the lowest cost structure D: be unique in its product offering

Cost leadership as a strategy requires a firm to____________. A: aggressively seach out efficiencies to maintain the lowest cost structure B: be unique in its product offering C: aim at a cost advantage in a niche market D: aim to be similar to its competition in most operations

____ is the strategy used by businesses to create a low cost of operation within their niche. The use of this strategy is primarily to gain an advantage over competitors by reducing operation costs below that of others in the same industry.( ) A: Differentiation focus B: Cost focus C: Cost leadership D: Differentiation

______ is the strategy used by businesses to create a low cost of operation within their industry. The use of this strategy is primarily to gain an advantage over competitors by reducing operation costs below that of others in the same industry. A: Cost leadership B: Cost focus C: Differentiation D: Differentiation focus

Without the support and leadership of management, the change to computerization will probably______. A: take twice as long B: cost a great deal C: be unsuccessful D: end up losing money

When a business gets to know market segments intimately and pursues either cost leadership or differentiation within the target segment, it is employing a ________ strategy. A: defined B: focus C: value-added D: competitive advantage E: customer-focused