Achieving a Sure-Cost Advantage Over Rivals Entails

question 18

Multiple Choice

Achieving a sure-cost advantage over rivals entails

• A)concentrating on the primary activities portion of the value chain and outsourcing all support activities.
• B)being a first-mover in pursuing backward and forward integration and controlling as much of the industry value chain as possible.
• C)selling a mostly standard product and increasing the scale of operation.
• D)minimizing R&D expenses and paying below-average wages and salaries to conserve on labor costs.
• E)producing a standard product, redesigning the product infrequently, and having minimal advertising.

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Definitions:

Form 1040

The official form issued by the IRS that taxpayers fill out annually to report their earnings for the year.

Casualty Loss

A financial loss resulting from sudden, unexpected, or unusual events such as natural disasters, thefts, or accidents.

Insurance Company

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The act of repaying someone for expenses they have incurred on behalf of someone else or a business.