In some labour-intensive industries,a business can achieve a cost advantage,at least in the short term,by gaining access to inexpensive labour.Identify the type of method used to obtain a sustainable cost advantage.
A)no-frills product
B)cheaper raw materials
C)low-cost distribution
D)innovative production processes

Question

Quizplus · Accepted Answer

Innovative production processes can lead to a sustainable cost advantage by improving efficiency, reducing waste, and potentially lowering labor costs over the long term. Access to inexpensive labor may provide a short-term advantage, but it's the innovation in production processes that can sustain cost leadership in the face of rising labor costs or competition.

In Some Labour-Intensive Industries,a Business Can Achieve a Cost Advantage,at