Managers Set Cost Reduction Targets in Terms of Reducing the Cost

question 174

Multiple Choice

Managers set cost reduction targets in terms of reducing the cost per unit of the activity:

• A)cost pools.
• B)cost analysis.
• C)cost savings.
• D)cost drivers.

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Definitions:

Showrooming

The practice of visiting a store or showroom to examine a product before buying it online at a lower price.

Third Party Sellers

Independent vendors who sell their products or services through a third party platform or marketplace.

CRM System

Customer Relationship Management System, a technology for managing all your company's relationships and interactions with current and potential customers.

Customer Personalization

Tailoring a service or product to accommodate specific interests or preferences of individual customers, often using data analytics.