Assume a Firm Is Not Cost Competitive with Rivals Because

question 23

Essay

Assume a firm is not cost competitive with rivals because of higher supplier-related costs.Identify three strategic moves that it can make to restore cost parity.

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Definitions:

Communication Methods

The ways in which information is conveyed within and outside an organization, including verbal, non-verbal, written, and digital forms.

Emergencies

Sudden, unexpected events that require immediate action, often to prevent a dangerous or unpleasant outcome.

Emotional Contagion

The occurrence in which the emotions and behaviors of one individual directly induce comparable emotions and behaviors in others.

Mimic

To mimic is to imitate or copy someone's actions, speech, or mannerisms, often for learning or adaptation purposes.