An Option for NOT Remedying an Internal Cost Disadvantage Includes

question 52

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) performing activities in the same way as done earlier.

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Definitions:

MAXMINCON Principle

A methodological principle designed to maximize applicable information, minimize cost, and control for unwanted variation in research or operational settings.

Overreliance

Excessive dependence on something or someone, often to the point where it becomes detrimental.

Knowledge Base

The accumulated information, understanding, and skills that an individual or organization possesses.

Bubble Hypothesis

The theory suggesting that individuals or groups can become isolated in their own social or cultural bubbles, leading to limited exposure to differing perspectives.