The Best Method of Attaining a Low-Cost Position Is To

question 66

Multiple Choice

The best method of attaining a low-cost position is to:

• A)take advantage of economies of scale and experience curve.
• B)take advantage of global raw material acquisition.
• C)take advantage of non-union workers.
• D)send production to low-wage countries.

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Definitions:

John Kenneth Galbraith

An influential Canadian-American economist known for his books on the modern economy and critiques of private sector production.

Central Hudson Test

A second definition for the four-part analysis used by courts to assess the constitutionality of laws regulating commercial speech.

Crazy Horse

A Native American war leader of the Oglala Lakota, known for his courage and leadership in resistance against the U.S. government's policies towards Native Americans.

Express

Typically refers to the direct, clear, and efficient communication or service, often associated with fast delivery or transportation services.