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:

Improvements

Refers to enhancements or betterments in situations, processes, or qualities.

Deficits

The shortfall or deficiency in a particular area such as budget, skill, or knowledge.

Infant Memory

The capacity of infants to retain information and form memories, which is essential for developmental milestones such as recognizing caregivers and learning language.

Womb Experiences

The conditions and stimuli an individual is exposed to while in the mother's uterus, which can influence development and health.