What are the keys to sustaining a focused low-cost strategy?
What will be an ideal response?
The keys to sustaining a focused low-cost strategy are staying committed to serving the niche at the lowest overall cost and making the effort not to blur the firm's image by entering other market segments or adding other products to widen market appeal. A focused strategy based on low cost aims at securing a competitive advantage by serving buyers in the target market niche at a lower cost and lower price than those of rival competitors. This strategy has considerable attraction when a firm can lower costs significantly by limiting its customer base to a well-defined buyer segment.
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The loss of usefulness because of inadequacy or obsolescence is called ____________________ depreciation
Fill in the blank(s) with correct word
The groundhog looked down and saw its shadow
A) preposition B) conjunction C) adjective D) adverb
A policy with an accidental death benefit
A) can pay out more than the face value of the policy given an accidental death. B) forgives all policy loans in the event of an accidental death. C) covers the cost of emergency medical services in the event of an accidental death. D) covers the cost of transporting the remains from the any place in the country to the resident city of the deceased.
The American-made car I purchased as a starving graduate student was not the sleek, high-performance machine that full professors park in faculty parking, but it performed admirably
For the next twenty years I could count on one thing; every morning it would start when I turned the key. This vehicle had outstanding ________ quality. Fill in the blank with the appropriate word.