Creating a Competitive Advantage by Holding Down Costs to Provide

question 91

Multiple Choice

Creating a competitive advantage by holding down costs to provide customers the lowest priced products is known as ______.

• A) operational excellence
• B) product leadership
• C) customer intimacy
• D) least cost pricing method

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Definitions:

Sick Role

A sociological concept regarding the social aspects of becoming ill and the privileges and obligations that come with it.

Feigning Illness

The act of pretending to be affected by a medical condition or symptoms of illness, often for gaining sympathy, avoiding duty, or other personal benefits.

External Gain

Benefits obtained from an individual's behavior or condition, often viewed in the context of psychological disorders or social interactions.

Factitious

Intentionally produced or simulated, often referring to symptoms or illnesses created by an individual to assume the sick role.