Which of the following involves keeping costs low enough so that a company can realize profits while pricing its products at levels that are attractive to consumers?
A)total quality
B)cost competitiveness
C)sustainability
D)innovation
E)efficiency

Question

Quizplus · Accepted Answer

Cost competitiveness involves keeping costs low enough to realize profits while also pricing products at attractive levels for consumers. Total quality refers to ensuring high quality in all aspects of a company's operations. Sustainability relates to minimizing negative impacts on the environment and society. Innovation refers to introducing new ideas or products. Efficiency relates to maximizing output with minimal input. Out of these options, cost competitiveness is the most relevant to the question asked.

Which of the Following Involves Keeping Costs Low Enough So