Which of the Following Practices Can Help Businesses Gain a Cost

question 56

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 frills
• D)Focusing on serving marginal customers

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Definitions:

To Actuate

To put into motion or action; to initiate or activate.

Purchase

The act of buying goods or services, often involving an exchange of money for a product or experience.

Order

The arrangement or organization of people or things in relation to each other according to a particular sequence, pattern, or method.

Unstructured

refers to data or information that does not have a predefined data model or is not organized in a predefined manner, making it difficult to process and analyze using conventional methods.