Achieving a Cost Advantage Over Rivals Entails

question 28

Multiple Choice

Achieving a 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) performing value chain activities more cost-effectively than rivals and finding ways to eliminate or bypass some cost-producing activities altogether.
• 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.