Which of the Following Is Not One of the Ways

question 50

Multiple Choice

Which of the following is not one of the ways that a company can achieve a cost advantage by revamping its value chain?

• A) Cutting out distributors and dealers by selling direct to customers
• B) Replacing certain value chain activities with faster and cheaper online technology
• C) Increasing production capacity and then striving hard to operate at full capacity
• D) Relocating facilities so as to curb the need for shipping and handling activities
• E) Streamlining operations by eliminating low value-added or unnecessary work steps and activities

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Definitions:

Prescriptive

Relating to the imposition or application of rules and recommendations for behavior or action.

Brainstorming Method

A creative group problem-solving technique that involves generating a large number of ideas in order to find a solution to a particular issue.

Ranking

The act of arranging or grading individuals, items, or concepts according to their achieved level, performance, or quality.

Delphi Technique

A structured communication method that relies on a panel of experts answering questionnaires in two or more rounds to converge on a consensus solution or decision.