An Option for NOT Remedying an Internal Cost Disadvantage Includes

question 26

Multiple Choice

An option for NOT remedying an internal cost disadvantage includes:

• A) investing in productivity-enhancing,cost-saving technological improvements.
• B) redesigning the product or some of its components to facilitate speedier and more economical manufacture or assembly.
• C) implementing the use of best practices throughout the company,particularly for high-cost activities.
• D) eliminating some cost-producing activities altogether by revamping the value chain.
• E) investing in best practices.

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Definitions:

Normal Balance

The side of an account that is usually positive or increased; for assets and expenses, it's the debit side, for liabilities, equity, and revenue, the credit side.

Account

An individual record within a financial system or ledger that tracks the financial transactions of a specific asset, liability, revenue, expense, or equity component.

Normal Balance

The side (debit or credit) on which increases to the account are recorded, consistent with the accounting equation.

Financial Statement

Reports that provide information about a company's financial condition, performance, and cash flows, including the balance sheet, income statement, and statement of cash flows.