In Which Approach to Cost Reduction Are Components Studied to Determine

question 40

Multiple Choice

In which approach to cost reduction are components studied to determine if they can be redesigned or standardized or made by cheaper methods of production?

• A) e-procurement
• B) product-value analysis
• C) strategic alliances
• D) buygrid framework
• E) problem recognition

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Definitions:

Personal Characteristic

An individual's trait or attribute that defines their personality or habitual patterns.

Successful Salesperson

An individual who excels in persuading others to purchase products or services, typically characterized by high sales achievements and effective communication skills.

Extroversion

A personality trait characterized by an orientation of one's interests and energies toward the outer world of people and activities rather than the inner world of thoughts and feelings.

Reselling Products

The act of selling a product again, often after buying it from the original seller or manufacturer at a discounted rate.