The Text Discusses Three Approaches to Combining Overall Cost Leadership

question 11

Multiple Choice

The text discusses three approaches to combining overall cost leadership and differentiation competitive advantages. These are the following, except

• A) automated and flexible manufacturing systems.
• B) exploiting the profit pool concept for competitive advantage.
• C) coordinating the 'extended' value chain by way of information technology.
• D) deriving benefits from highly focused and high technology markets.

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Definitions:

OM Strategies

Refers to the approaches and methodologies a business uses to streamline its operations management processes, including production, inventory control, and quality assurance to improve efficiency and productivity.

Multinational Corporation

A company that operates in multiple countries, managing production or delivering services in more than one country.

Maquiladora

A factory in Mexico run by a foreign company that exports its products to the country of that company, taking advantage of lower labor costs.

Competitive Environment

The dynamic external system in which businesses compete for resources, customers, and market share.