The Options for Remedying a Cost Disadvantage Associated with Activities

question 80

Multiple Choice

The options for remedying a cost disadvantage associated with activities performed by forward channel allies include

• A)switching to lower-priced substitutes.
• B)pressuring forward channel allies to reduce their costs and markups.
• C)shifting into the production of substitute products.
• D)shifting from a differentiation strategy to a best-cost strategy or focus strategy.
• E)implementing a benchmarking program and adopting best practices.

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Definitions:

Data Management

The practice of collecting, keeping, and using data securely, efficiently, and cost-effectively through the use of policies, procedures, and technologies.

Sentiment Analysis

The use of natural language processing, text analysis, and computational linguistics to identify, extract, quantify, and study affective states and subjective information from text.

Predictive Analytics

Predictive analytics involves using historical data, statistical algorithms, and machine learning techniques to forecast future trends or behavioral patterns.