Which of the Following Practices Can Help Businesses Gain a Cost

question 112

Multiple Choice

Which of the following practices can help businesses gain a cost competitive advantage?

• A) Using simplified production techniques
• B) Using expensive raw materials
• C) Customizing products with extra features
• D) Focusing on serving marginal customers

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Definitions:

Personal Rights

The freedoms and protections individuals have from infringement by governments, organizations, and other individuals, including rights to privacy, free expression, and safety.

Stress

A feeling of emotional or physical tension resulting from any event or thought that makes one feel frustrated, angry, or nervous.

Homeostasis

The process by which biological systems tend to maintain stability while adjusting to conditions that are optimal for survival.

Distress

Describes extreme anxiety, sorrow, or pain, often affecting individuals' mental health and well-being.