Which of the Following Success Drivers of Performance Is Jessica

question 105

Multiple Choice

Which of the following success drivers of performance is Jessica using by constantly changing and introducing new styled clothing lines to match the changing trends in the market and staying a step ahead of competitors?

• A) Speed
• B) Innovation
• C) Quality
• D) Service
• E) Cost competitiveness

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Definitions:

Transfer Price

The price charged for goods or services transferred between departments or divisions within the same company as part of the internal sales process.

Opportunity Cost

The sacrifice of possible benefits from other options when selecting a specific one.

Standard Variable Cost

The anticipated cost of variable inputs (like labor and materials) for producing one unit of product or service under standard operating conditions.

Profit Centre

A business unit or department within an organization that is responsible for generating its own revenue and profits, allowing for easier tracking of financial performance.