________ Enable a Firm to Reduce the Costs of Value

question 98

Multiple Choice

________ enable a firm to reduce the costs of value creation and/or to create perceived value in such a way that premium pricing is possible.

• A) Core competencies
• B) Global standardization strategies
• C) Operations
• D) Location economies

---

Definitions:

Coping Mechanisms

Psychological strategies that individuals use to manage stress, process emotions, and navigate difficult situations.

General Adaptation Syndrome

describes the body's short-term and long-term reactions to stress, consisting of three stages: alarm, resistance, and exhaustion.

Stress-Related Diseases

Health problems that are either caused or exacerbated by stress, including heart disease, high blood pressure, and mental health disorders like depression and anxiety.

Problem-Focused

An approach that aims at addressing and resolving the root causes of problems rather than just managing their symptoms.