Question

Pear Tree Electronics is a large conglomerate that operates in 17 different countries. The corporate executives at the headquarters have decided that the company's objective for the next two years will be to increase its customer equity, or the value of potential future revenues generated by all its customers in a lifetime. Based on this guideline received from the top management team, the product leader of the home audio division has decided to adopt a cost-leadership strategy in all his 17 units. Thus, the decision made by the product leader best illustrates a _______ strategy.

Answer 1

Answer: Business strategy

Step-by-step explanation:

The business strategy is one of the type of systematic process for analyzing the main goals of an organization by making a summarized report based on the actual expectations of the consumers.

The importance of the business strategy is that it helps in achieving the main goals of the company and also sustain the various types of competitive benefits in the market.

According to the given question, the given product leader given situation best illustrate the business strategy in order to achieving the various types of goals and the superior performance in an organization.

Therefore, Business strategy is the correct answer.