The Culture of a Company Can Be a Cost-Efficient Value

question 118

Multiple Choice

The culture of a company can be a cost-efficient value chain activity because it can

• A)allow for safeguarding internalized operating benefits.
• B)distinguish a company's capacity integration efforts.
• C)spur worker pride in productivity and continuous improvement.
• D)foster quality technological enhancements.
• E)increase a company's bargaining power with suppliers.

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Definitions:

Brand-Name Markets

Markets dominated by products or services that are widely recognized and trusted by consumers due to their brand.

Restaurant Market Efficiency

Refers to the degree to which restaurant markets allocate resources optimally, balancing supply and demand effectively to meet consumer preferences.

Advertising

A form of marketing communication used to promote or sell a product, service, or idea through various media channels.

Efficiency of Markets

The degree to which market prices fully reflect all available information and execute trades at minimal costs.