Identify a Way in Which Companies Can Create a New

question 60

Multiple Choice

Identify a way in which companies can create a new business model to achieve cost advantage.

• A)By exercising strong bargaining power over suppliers
• B)By eliminating activities in the value chain
• C)By lowering the wages of the human resources
• D)By automating the production line

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Definitions:

Employee Engagement

The level of emotional attachment an employee feels towards their company and its objectives, which affects their readiness to aid in achieving organizational triumphs.

Training Ability

The capacity to learn, adapt, and improve skills or knowledge through instruction or practice.

Human Factors Psychologists

Psychologists who study how people interact with products, environments, and systems with the aim of improving usability and performance.

Natural Perceptions

The innate ability to recognize and understand the natural world through sensory information.