THE VIRGINIA DYNASTY 1801 1825
JAMES MONROES PRESIDENCY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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False
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True
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Either A or B
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None of the above
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Detailed explanation-1: -Answer and Explanation: The correct answer is c) Well defined missions make strategy development much easier. Option c) is the correct answer because the more precise the mission is for a business, the more precise is the plan related to how the business should move forward.
Detailed explanation-2: -Low-cost strategy enables the firm to sell its product/service with a lower price compared to its competitors because of lower costs of producing products/service; as a result of this, they win a competitive advantage in the industry.
Detailed explanation-3: -Cost leadership strategy Cost leadership is a business’s ability to produce a product or service that will be at a lower cost than other competitors. If the business is able to produce the same quality product but sell it for less, this gives them a competitive advantage over other businesses.