The Options for Remedying an Internal Cost Disadvantage Include

question 7

Multiple Choice

The options for remedying an internal cost disadvantage include

• 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, particularly for high-cost activities.
• D) eliminating some cost-producing activities from the value chain, especially low value-added activities.
• E) All of these.

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Definitions:

Agreeableness

A personality dimension that reflects the extent to which an individual is cooperative, kind, and compassionate toward others.

Open-Mindedness

A willingness to consider new ideas, perspectives, and possibilities without prejudice.

Curiosity

A desire to learn or know about anything; inquisitiveness, often seen as a driving force of learning and discovery.

Creativity

The ability to generate novel and valuable ideas or solutions.