The Major Avenues for Achieving a Cost Advantage Over Rivals

Multiple Choice

The major avenues for achieving a cost advantage over rivals include

A) performing value chain activities more cost-effectively than rivals or revamping the firm's overall value chain to eliminate or bypass some cost-producing activities.
B) having a management team that is highly skilled in cutting costs.
C) being a first-mover in adopting the latest state-of-the-art technologies, especially those relating to low-cost manufacture.
D) outsourcing high-cost activities to cost-efficient vendors.
E) paying lower wages and salaries than rivals.