All of the Following Are Tools Typically Used to Achieve

question 65

Multiple Choice

All of the following are tools typically used to achieve cost-leadership EXCEPT:

• A) Controlling the cost of inputs.
• B) Leveraging economies of scale.
• C) Offering products that have superior value.
• D) Learning by doing.

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Definitions:

Needs Analysis

This process involves determining and addressing gaps between current conditions and desired conditions or needs, often used to identify the necessary changes in an organization or for individual development.

Resource Analysis Process

An assessment methodology used to determine the necessary resources required to achieve specific goals or complete a project.

Sufficient Money

Sufficient Money refers to having enough financial resources to meet one’s needs, obligations, and goals without experiencing financial stress.

Internal Environment

The conditions, entities, events, and factors within an organization that influence its activities and choices.