How Can a Diverse Workforce Give a Company Competitive Advantage

question 72

Multiple Choice

How can a diverse workforce give a company competitive advantage?

• A)By providing insight into the changing customer base
• B)By providing new contacts with suppliers
• C)By helping reinforce the company's traditional culture
• D)By reducing the need for communication
• E)By making the organization more mechanistic

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Definitions:

Contribution Margin

The difference between sales revenue and variable costs, indicating the amount available to cover fixed costs and generate profit.

Variable Administrative Expenses

Expenses within the administration sector that fluctuate with the level of business activity, like sales commissions.

Contribution Margin

The amount by which a product's sales price exceeds its variable costs, used to cover fixed costs and generate profit.

Variable Selling Expenses

Costs that fluctuate with the level of sales activity, such as commissions and shipping fees.