There Are Several Cost Drivers That Can Be Managed in Order

question 97

Multiple Choice

There are several cost drivers that can be managed in order to establish a low-cost leadership advantage.One of the basic cost drivers is:

• A) Access to unique features that turn commodities into differentiated products.
• B) Access to lower-cost input factors including raw materials and labor.
• C) Creating personalized customer service in order to minimize price-sensitivity.
• D) Shifting to small-scale production processes in order to create customized products.

Identify and define "fake news," its characteristics, and its impact on public opinion.

Understand the role and characteristics of digital citizens in the modern media landscape.

Recognize the function and examples of news aggregators in media.

Grasp the varying reach and influence of different news sources on the American public.

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Definitions:

Certificate of Incorporation

An official document issued by a state government recognizing the formation of a corporation and outlining its basic details.

Authorized to Conduct Business

The status granted to a company or individual that fulfills the regulatory requirements to legally operate in a particular jurisdiction.

De Facto Corporation

A company that operates like a corporation and may be treated as one for legal purposes, despite not having completed formal incorporation steps.

State Incorporation Statute

Laws established by individual states governing the process, requirements, and regulations for the incorporation of businesses within their jurisdiction.