A Competitive Advantage Has Been Established When

question 4

Multiple Choice

A competitive advantage has been established when

• A) customers see the variation as important and the value added to the customer exceeds the cost of providing differentiation.
• B) a high-cost strategy increases customer value by minimizing customer sacrifices.
• C) a low-profit item is dropped from the product line.
• D) both a and b.

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Definitions:

Crashing

A project management technique used to reduce the time for task completion by increasing the allocation of resources, often leading to higher costs.

CPM Network

A project management tool that uses critical path method (CPM) principles to model the activities and events of a project in a graphical network.

Critical Path

A sequence of critical tasks in a project timeline that need timely completion to ensure the project ends on its scheduled date.

CPM Network

A project management tool that uses critical path method to model tasks and their dependencies in a project to determine the optimum project schedule.