The Options for Remedying a Supplier-Related Cost Disadvantage Include

question 11

Multiple Choice

The options for remedying a supplier-related cost disadvantage include

• A)pressuring suppliers for more favorable prices, switching to lower-priced substitute inputs, and collaborating closely to identify mutual cost-saving opportunities.
• B)instituting forward vertical integration.
• C)shifting into the production of substitute products.
• D)shifting from a low-cost leadership strategy to a differentiation or focus strategy.
• E)cutting selling prices and trying to win a bigger market share.

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Definitions:

Recessionary Period

A time characterized by a significant decline in economic activity across the economy, lasting more than a few months.

Voluntarily Switching Jobs

The act of an employee choosing to leave one job for another, often for better pay, benefits, or working conditions.

Seasonal Unemployment

Unemployment caused by seasonal changes in the demand for certain kinds of labor.

Official Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment, as calculated by government statistics.