Managers Can Pursue Any of Several Strategic Approaches to Reduce

question 8

Multiple Choice

Managers can pursue any of several strategic approaches to reduce the costs of internally performed value chain activities and improve a company's cost competitiveness by

• A) investing in productivity-enhancing,cost-saving technological improvements.
• B) outsourcing internally performed activities to those able to perform the activities at a lower cost.
• 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 choices are correct.

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Definitions:

Overcrowding

A situation where too many individuals occupy a limited space, leading to potential stress, discomfort, and conflict.

Cross-Flows

Movements or exchanges of resources, information, or individuals between different sectors or groups, often enhancing diversity and innovation.

Queues

Lines or sequences of people or vehicles awaiting their turn to be attended to or to proceed.

Social Movements

Collective, organized efforts by groups of people to promote or resist change in society based on shared objectives and ideologies.