Which of the Following Practices Can Help Businesses Gain a Cost

question 14

Multiple Choice

Which of the following practices can help businesses gain a cost competitive advantage?

• A)Innovating simplified production techniques
• B)Using expensive raw materials
• C)Customizing products with extra frills
• D)Manufacturing products in smaller quantities

Recognize various strategies designed to address unemployment issues within economic policy.

Identify the characteristics and consequences of cyclical unemployment.

Understand the impact of self-evaluation and self-awareness on personal and professional development.

Recognize the importance of feedback from different sources for personal growth and development.

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Definitions:

Smaller Companies

Businesses that operate on a relatively modest scale in terms of their revenues, employees, or market share compared to larger corporations.

Gender Differences

The distinctions in characteristics, behaviors, roles, and cultural expectations traditionally associated with being male or female.

Counterproductive Behaviors

Actions by members within an organization that hinder its objectives or reduce its effectiveness, such as sabotage or theft.

Employer

An individual or organization that hires people to work for wages or salary, responsible for providing employment conditions, tasks, and remuneration.