An Organization Can Achieve a Competitive Advantage Through Which of the Following

question 27

Multiple Choice

An organization can achieve a competitive advantage through which of the following ways?

• A) pricing and customer service
• B) cost efficiency and quality
• C) products and quality
• D) all of the above
• E) none of the above

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Definitions:

Factory Overhead

All the indirect costs associated with manufacturing, excluding direct materials and direct labor. Examples include utilities, depreciation on manufacturing equipment, and factory manager salary.

President's Salary

The compensation awarded to the president of a company or organization, comprising base salary and potentially bonuses or other earnings.

Direct Labor

The wages paid to workers directly involved in the manufacturing or production of goods or services.

Not a Product Cost

Refers to expenses not directly associated with the production of goods, such as selling and administrative expenses.