A single-business organization is primarily in one industry. True False QUESTION 42 A retrenchment strategy is an example of a growth strategy. True False QUESTION 43 The process of creating goods and services in which organizational resources are transformed into outputs is called production. True False QUESTION 44 Choose ALL of the following that are requirements for a company to successfully pursue a cost leadership strategy: (Choose ALL that apply.) Have deep and wide product lines. Spend alot of money on product differentiation and establishing brand loyalty. Emphasize efficiency in all areas. Keep costs as low as possible. QUESTION 45 Choose ALL of the following that are strategies organizations use to adapt to their uncertain competitive environments: (Choose ALL that apply.) Reactor Defender Prospector Analyzer