Which of the following principles of competitive advantage is related to process implementations?
A)create new products
B)enhance services
C)reduce costs
D)differentiate products

Question

Quizplus · Accepted Answer

The principle of reducing costs is related to process implementations, as it involves streamlining operations, minimizing waste, and optimizing efficiency to lower production or operational expenses. This can help a company achieve a cost advantage over its competitors, making it more competitive in the marketplace. Options A and D relate to product development and differentiation, while option B pertains to enhancing the quality of services rather than processes.

Which of the Following Principles of Competitive Advantage Is Related