Determining Whether a Company's Prices and Costs Are Competitive

question 87

Multiple Choice

Determining whether a company's prices and costs are competitive

• A) requires looking at the costs of a company's competitively relevant suppliers and forward channel allies (distributors/dealers).
• B) requires considering the costs of a company's internally performed activities.
• C) involves the use of benchmarking the costs in a company's value chain system (the costs of its suppliers, its internally performed activities, the costs of its distributors/dealers) against the costs of the value chain systems employed by rival firms.
• D) typically involves the use of activity-based cost accounting.
• E) All of these.

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Definitions:

William James

An American philosopher and psychologist who is considered a founder of American psychology and the pragmatism philosophical movement.

Arousal Of Behavior

The activation of the body and mind in relation to behavior, which can influence performance and responsiveness to stimuli.

Principle Of Antithesis

A concept proposed by Charles Darwin suggesting that opposite emotional states are expressed through opposite bodily movements and postures.

Darwin

Charles Darwin, a 19th-century naturalist best known for his contributions to the science of evolution, specifically the theory of natural selection.