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dusya [7]
3 years ago
14

When organizations endeavor (1) to keep their costs (and hence the prices of their products or services) below those of competit

ors and (2) to target a wide market, they are utilizing a _____ strategy.
Multiple Choice
focused-differentiation
differentiation
cost-leadership
reinventing
cost-focus
Business
2 answers:
babymother [125]3 years ago
7 0
Cost-leadership
Step by step explanation
CaHeK987 [17]3 years ago
4 0

Answer:

cost-leadership

Explanation:

It is exactly the definition of cost-leadrship strategy, When companies increase efficiencies and reduce production costs below their competitors in order to gain market share offering more affordable price.

The cost focus also seeks for a cost advantage, but in focus strategies a narrow market is chosen.

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Instead, for-profit organizations can be formed to carry out a variety of legal businesses. The main reason for forming a profit organization is to make profits for the owners of the company.

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