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1Z0-1081-20 Braindumps VCE
  • Exam Code: 1Z0-1081-20
  • Exam Name: Oracle Financial Consolidation and Close 2020 Implementation Essentials

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NEW QUESTION: 1
According to Michael E. Porter's generic strategies model, a firm that successfully adopts a cost focus strategy is most likely to:
A. Enjoy economies of scale.
B. Have weak customer loyalty.
C. Know its market well.
D. Have a strong R&D function.
Answer: C
Explanation:
Cost focus is the generic strategy favored by firms that seek competitive advantage through lower costs and that have a narrow competitive scope (e.g., a regional market or a specialized product line). The rationale for a cost focus strategy is that the narrower market can be better served because the firm knows it well.

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