Which of the Following Is Not an Action That a Company

question 58

Multiple Choice

Which of the following is not an action that a company can take to do a better job than rivals of performing value chain activities more cost-effectively?

• A) Striving to capture all available economies of scale.
• B) Trying to operate facilities at full capacity.
• C) Taking full advantage of experience and learning curve effects.
• D) Improving supply chain efficiency.
• E) Redesigning products to eliminate features that might have market appeal,but excessively increase production costs.

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Definitions:

Demand Curve Elastic

A characteristic of the demand curve where the quantity demanded by consumers changes significantly as a result of price changes.

Total Revenue

Total revenue is the total amount of money received by a firm from selling its goods or services before any expenses are deducted.

Price Elasticity

A measure of how sensitive the quantity demanded of a good is to a change in its price.

Demand Curve

A graph representing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping, indicating an inverse relationship between price and quantity demanded.