Determining Whether a Company's Overall Prices and Costs Are Competitive

question 29

Multiple Choice

Determining whether a company's overall prices and costs are competitive requires an entire value chain analysis,which typically demands:

• A) looking at the costs of a company's competitively relevant suppliers and forward channel allies (distributors/dealers).
• B) considering the costs of a company's internally performed activities.
• C) the use of benchmarking the costs in a company's value chain system (the costs of its suppliers,its internally performed activities,the costs of its distributors/dealers)against the costs of the value chain systems employed by rival firms.
• D) the use of activity-based cost accounting.
• E) All of these.

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Definitions:

Tailor Position

A sitting position where the legs are crossed and spread apart, resembling the traditional posture of a tailor. It is often recommended during pregnancy.

Cremasteric Reflex

A reflexive contraction of the cremaster muscle, that elevates the testis in response to touch.

Palpation

A medical method that involves using the hands to examine the body, particularly to assess the size, consistency, and location of certain body parts.

Breath Sound

The sounds made by air moving through the respiratory system, which can indicate health or disease states when assessed with a stethoscope.