Which Strategy for Competitive Advantage Involves Improving the Manner in Which

question 48

Multiple Choice

Which strategy for competitive advantage involves improving the manner in which an organization executes its internal business processes?

• A) cost leadership
• B) differentiation
• C) innovation
• D) operational effectiveness
• E) customer-orientation

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Definitions:

Clayton Act

A U.S. antitrust law enacted in 1914 to promote competition and prevent monopolies by prohibiting certain actions that could lead to anticompetitive practices.

Antitrust Authorities

Government or regulatory entities responsible for enforcing laws designed to promote competition and prevent monopolistic practices within markets.

Natural Monopolies

Market structures where a single firm can supply a good or service to an entire market at a lower cost than two or more firms, typically due to high fixed costs.

Creative Accounting

The manipulation of financial records and reports to present a more favorable view of a company's business activities.