A Company's Value-Creating Activities Can Offer a Competitive Advantage in One

question 62

Multiple Choice

A company's value-creating activities can offer a competitive advantage in one of two ways

• A) contribute to greater efficiency and lower costs and provide a basis for differentiation.
• B) contribute expense savings and enhance product exclusivity.
• C) reduce cost disadvantages and market price anomalies.
• D) contribute customer experience value and conserve operating functionality.
• E) contribute to competitive assets and discontinue distinctive competencies.

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Definitions:

Assimilation

The cognitive process by which new information is integrated into existing schemas or frameworks, helping individuals to understand and interact with the world around them.

Sensorimotor

Refers to the stage in early childhood development where learning occurs through sensory experiences and manipulating objects.

Preoperational

The second stage in Piaget's theory of cognitive development, marked by the emergence of symbolic thought but lacking in the understanding of logic or operations.

Concrete Operational

A stage in Piaget's theory of cognitive development, typically occurring between ages 7 and 12, where children gain the ability to think logically about concrete objects and events.