Assume a Firm Is at a Cost Disadvantage with Rivals

question 42

Essay

Assume a firm is at a cost disadvantage with rivals because of higher distributor/dealer costs than rivals.Identify three strategic moves that it can make to restore cost parity.

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Definitions:

Organizational Citizenship Behaviour

Discretionary behaviors exhibited by employees that are beneficial to the organization and are not necessarily recognized by formal reward systems.

Formally Assigned Responsibilities

Duties or tasks that are officially allocated to an individual or a group within an organizational setting.

Training Program

A structured educational process that aims to enhance the knowledge, skills, and competencies of individuals to perform specific tasks or jobs.

Divorce

A legal dissolution of a marriage by a court or other competent body.