The Seven Drivers of Cost Advantage

question 3

Multiple Choice

The seven drivers of cost advantage

• A)must be equally examined in all firms.
• B)can be a useful framework within which to compare a firm's cost improvements in the last few years.
• C)can be a useful framework within which to compare a firm's costs with its competitors.
• D)can be a useful framework within which to compare a firm's profit margins with its competitors.

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Definitions:

Cafeteria-Style Benefits Plan

An employee benefit plan that allows workers to choose from a variety of pre-tax benefit options, similar to a cafeteria.

Employee Satisfaction

The level of contentment employees feel about their job, which can affect their performance and loyalty to the company.

Company Policies

Formal guidelines and rules adopted by an organization to govern its actions and decisions.

Pay Surveys

Are surveys of compensation paid to employees by other employers in a particular geographic area, industry, or occupational group.