Which of the Following Is NOT One of the Ways

question 108

Multiple Choice

Which of the following is NOT one of the ways that a company can achieve a cost advantage by revamping its value chain?

• A) Bypassing the activities and costs of distributors and dealers by selling direct to customers
• B) Replacing certain value chain activities with faster and cheaper online systems
• C) Increasing production capacity and then striving hard to operate at full capacity
• D) Relocating facilities so as to curb the cost for shipping and handling activities
• E) Streamlining operations by eliminating low value-added or unnecessary work steps and activities

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Definitions:

Nonconforming Goods

Products that are delivered to a buyer that do not meet the specifications or requirements as stated in the purchase contract.

Deficiency

In legal and financial terms, deficiency refers to the shortfall between the owed debt and the proceeds from a sale of collateral or asset used to repay it.

Cure

The process of resolving a breach of contract in a manner that satisfies the aggrieved party or terms of agreement.

Good-faith Purchaser

An individual who buys property without knowing of any claims, liens, or encumbrances against it, thereby acquiring clean title.