Which One of the Following Is NOT a Key Risk

question 29

Multiple Choice

Which one of the following is NOT a key risk associated with a cost leadership oriented business strategy?

• A) Many cost-saving activates are easily duplicated
• B) Cost differences seldom decline over time
• C) Exclusive cost leadership can become a trap
• D) Obsessive cost cutting can shrink other competitive advantages involving key product attributes

Manage clients’ emotions and behaviors effectively during termination.

Develop strategies for maintaining gains achieved during the helping process.

Understand the role of evaluation tools in measuring client satisfaction and the effectiveness of social work practice.

Understand the correct meanings and abbreviations for anatomical terms and regions.

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Definitions:

Unions

Organizations of workers that try to raise wages and improve working conditions for their members by bargaining collectively.

Marginal Product of Labor

This refers to the additional output a firm gains from hiring one more unit of labor, holding all other factors constant.

Surplus

Surplus refers to the situation where the quantity of a product or service supplied in a market exceeds the quantity demanded at the current price.

Compensating Differentials

Wage differentials that compensate workers for the job attributes, such as difficulty or undesirable conditions.