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:

Brain Matures

The process through which the brain develops and refines its function and structure over time.

Insightful

Pertains to the ability to understand complex ideas and situations in a deep and clear way.

Gender Differences

The distinctions in characteristics, behaviors, or roles typically associated with being male or female.

Coping

The process by which individuals manage the stress, challenges, or demands they encounter in life through various strategies and mechanisms.