Which of the Following Allows a Company to Lower Cost

question 56

Multiple Choice

Which of the following allows a company to lower cost through functional strategy and organization?

• A) Implementing just-in-time inventory control systems
• B) Customizing the product offering and marketing mix to different market segments
• C) Focusing marketing efforts on brand building and perceived differentiation from rivals
• D) Designing strategies to ensure that employees act in a manner that is consistent with the image that the company is trying to project to the world
• E) Adopting rigid manufacturing technologies

Recognize the complexity of service costs across different service categories (professional services, service shops, and mass services).

Understand process costing applications and when it applies to service entities.

Identify activities classified as back office in service organizations.

Classify types of service organizations (e.g., car hire companies, auto repairers).

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Definitions:

Liable

Liable means being legally responsible for an action or outcome, often involving the obligation to make restitution or compensation.

Void Title

A legal status indicating that a title to a property is invalid or ineffective, due to some defect in the formation of the title.

Good Faith Purchaser

An individual who buys property without knowledge of any existing claims or disputes over it, thereby gaining protected ownership status.

Bulk Transfer

A term from commercial law referring to the transfer of all or a substantial part of a business's inventory or equipment in one transaction.