Elements That Derive from the Competitive Strategy and Are Essential

question 41

Multiple Choice

Elements that derive from the competitive strategy and are essential to the success of the organisation are called:

• A) key performance indicators.
• B) critical success factors.
• C) key performance factors.
• D) critical success drivers.

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Definitions:

Sales Efforts

Activities undertaken to increase the visibility and desirability of a product or service to potential customers, aiming to drive sales and revenue.

Supplier Scoring

A method used to evaluate and rank suppliers based on various performance indicators such as quality, delivery time, and cost.

Performance Dimension

Performance dimension refers to the various aspects through which an organization's effectiveness can be evaluated, such as quality, speed, and flexibility.

Price Dimension

Refers to the components that make up the pricing structure of a product or service, including base price, discounts, and surcharges.