Achieving a Sure-Cost Advantage Over Rivals Entails

question 18

Multiple Choice

Achieving a sure-cost advantage over rivals entails

• A)concentrating on the primary activities portion of the value chain and outsourcing all support activities.
• B)being a first-mover in pursuing backward and forward integration and controlling as much of the industry value chain as possible.
• C)selling a mostly standard product and increasing the scale of operation.
• D)minimizing R&D expenses and paying below-average wages and salaries to conserve on labor costs.
• E)producing a standard product, redesigning the product infrequently, and having minimal advertising.

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Definitions:

Transference

A psychological phenomenon in which a patient unconsciously redirects feelings and attitudes from a past relationship onto a therapist or healthcare provider.

Toilet Training

The process of teaching a young child to use the toilet for urination and defecation.

Negative Behaviors

Actions or reactions that are detrimental to an individual's mental or physical well-being, or disruptive to a social or work environment.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.