A Company's Strategic Options for Remedying Cost Disadvantages in Internally

question 12

Multiple Choice

A company's strategic options for remedying cost disadvantages in internally performed value chain activities do not include

• A)revamping its value chain to eliminate or bypass some cost-producing activities (particularly low value-added activities).
• B)implementing the use of best practices, particularly for high-cost activities.
• C)investing in productivity-enhancing, cost-saving technological improvements.
• D)switching to activity-based costing.
• E)outsourcing the performance of high-cost activities to vendors that can perform them more cheaply.

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Definitions:

Self-Help

Efforts made by an individual to improve themselves psychologically, physically, or emotionally without the direct aid of professionals.

Executive Coaching

A development process where leaders receive tailored help from a coach to improve their leadership skills, self-awareness, and achieve professional goals.

Action Learning Program

A method that involves solving real-world problems through the reflective process of planning, acting, observing, and learning.

Corporate Social Responsibility

The idea that firms have obligations to society beyond their financial obligations to owners and stockholders, and also beyond those prescribed by law or contract.