Which of the Following Is Least Likely to Be a Cost

question 63

Multiple Choice

Which of the following is least likely to be a cost leadership competitive advantage?

• A) low overhead
• B) effective capacity use
• C) inventory management
• D) broad product line
• E) mass production

Describe the concept of comparative and absolute advantages in trade.

Understand the role of economists and economic institutions in policy making and analysis.

Comprehend the principles underlying the circular-flow diagram and market operations.

Understand the importance and methods of asking pertinent questions in content marketing to decide on content focus.

---

Definitions:

Directive

An authoritative command or instruction that guides someone’s actions or decisions.

Nondirective

A therapeutic approach where the counselor or therapist provides support and reflection without directly guiding or controlling the client's decisions or actions.

Facilitative Conditions

Environmental or interpersonal conditions that enhance the growth, learning, or performance of individuals, such as empathy, respect, and authenticity in a therapeutic setting.

Counseling Theory

A framework or model that guides counselors in understanding clients' problems, making assessments, and developing interventions.