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.

---

Definitions:

Identity Theory

A philosophical stance proposing that mental states are identical to brain states, linking psychology and neuroscience in understanding the mind.

Behaviorism

A branch of psychology that focuses on observable behaviors, suggesting that all behaviors are acquired through conditioning.

Descartes

René Descartes, a French philosopher, mathematician, and scientist, known for his statement "I think, therefore I am," and his contributions to the development of modern philosophy and rationalism.

Experimental Philosophy

A branch of philosophy that utilizes empirical methods, often through surveys and psychological experiments, to explore philosophical questions.