Which of the Following Is a Risk (Or Potential Pitfall)of

question 14

Multiple Choice

Which of the following is a risk (or potential pitfall) of cost leadership?

• A) Cost cutting in one area of the value chain might increase costs in another.
• B) Attempts to stay ahead of the competition may lead to gold plating.
• C) Cost differences increase as the market matures.
• D) Producers are more able to withstand increases in supplier costs.

Recognize the role and effectiveness of different types of graphics (e.g., charts, tables, maps) in enhancing communication.

Know that graphics must be introduced properly to avoid misinterpretation of data.

Identify the best practices for incorporating visuals in reports, including numbering and placement.

Understand the need for revising organizational charts following structural changes in a business.

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Definitions:

High-Performance Work System

An organizational approach that integrates several human resource strategies and practices designed to enhance employee effectiveness and organizational performance.

Work System

The combination of people, information, technology, and processes that work together to perform tasks and achieve goals within an organizational setting.

Self-Managing Teams

Groups of employees who are responsible for controlling and executing their work without direct supervision, often responsible for scheduling, decision-making, and problem-solving.

Interpersonal Skills

Abilities used by a person to interact effectively with others, including communication skills, active listening, and empathy.