Which Two of the Following Are the Key Reasons Why

question 34

Multiple Choice

Which two of the following are the key reasons why cost efficiency is becoming a threshold strategic capability?

• A) Supplier power increases as product life increases.
• B) Barriers to entry increase as cost decreases.
• C) Customer do not value product features at any price.
• D) Competitive rivalry continually drives down costs.

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Definitions:

Legitimizes

The process of making something acceptable, valid, or justified according to established rules, standards, or beliefs.

Sick Role

A sociological concept describing the expectations placed on an individual who is ill, including how to behave and how they are supposed to be treated by others.

Employer

An individual or entity that hires and pays people to perform jobs or services.

Flu

An infectious respiratory illness caused by influenza viruses, characterized by symptoms like fever, cough, and aches.