An Option for Not Remedying an Internal Cost Disadvantage Includes

question 24

Multiple Choice

An option for not remedying an internal cost disadvantage includes

• A)investing in productivity-enhancing, cost-saving technological improvements.
• B)redesigning the product or some of its components to facilitate speedier and more economical manufacture or assembly.
• C)implementing the use of best practices throughout the company, particularly for high-cost activities.
• D)eliminating some cost-producing activities altogether by revamping the value chain.
• E)performing activities in the same way as done earlier.

---

Definitions:

Consumption Plan

An outline of how individuals or households intend to allocate their income towards consumption goods and services over a period.

Interest Rate

The cost of borrowing money or the reward for saving it, typically expressed as a percentage of the principal amount per year.

Interest Rate

The cost of borrowing money or the return for lending money, typically expressed as a percentage.

Budget

An estimation of revenue and expenses over a specified future period of time, often used as a plan for management of money.