Cost and Differentiation Strategies Are Similar in Terms of Their

question 25

True/False

Cost and differentiation strategies are similar in terms of their potential to confer sustainable competitive advantage.

---

Definitions:

Gainsharing Programs

Employee incentive plans that provide a share of the company’s profits based on performance metrics.

Scientific Management

A management theory developed by F.W. Taylor aiming at improving economic efficiency and labor productivity through systematic study of work methods and processes.

Workplace Flexibility

An arrangement in a work environment that allows employees to have variable work hours, locations, or job duties to balance their work and personal life efficiently.

Technology-Driven Economy

An economy heavily influenced by technological innovation, automation, and the digital sector's growth.