The Major Avenues for Achieving a Cost Advantage Over Rivals

question 88

Multiple Choice

The major avenues for achieving a cost advantage over rivals include

• A)performing value chain activities more cost-effectively than rivals or revamping the firm's overall value chain to eliminate or bypass some cost-producing activities.
• B)having a management team that is highly skilled in cutting costs.
• C)being a first-mover in adopting the latest state-of-the-art technologies, especially those relating to low-cost manufacture.
• D)outsourcing high-cost activities to cost-efficient vendors.
• E)paying lower wages and salaries than rivals.

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