A company that produces a new low-cost product based on improved decision making has likely achieved a(n) __ . A. absolute advantage B. database C. business expense D. strategic business objective E. business ownership

## Step 1<br />The problem is asking us to identify the term that best describes a company's achievement of a strategic business objective. A strategic business objective is a goal that a company aims to achieve to improve its business operations and increase its profitability.<br /><br />## Step 2<br />The company in question has produced a new low-cost product based on improved decision-making. This indicates that the company has achieved a strategic business objective, which is to improve its business operations and increase its profitability.<br /><br />## Step 3<br />The other options, such as absolute advantage, database, business expense, and business ownership, do not directly relate to the achievement of a strategic business objective. Absolute advantage refers to the ability of a company to produce a good or service more efficiently than its competitors. A database is a collection of information, not a business objective. Business expense is the cost incurred in the operation of a business, not a business objective. Business ownership refers to the legal right to operate a business, not a business objective.