Success in achieving a low-cost edge over rivals comes from:
A) strong efforts to be a leader in manufacturing process innovation.
B) communicating the product's ability to serve the customer's every need.
C) employing an aggressive offense to gain market share or a conservative defense to
D) protecting its market position.
E) out-managing rivals in finding ways to perform value chain activities faster,more accurately,and more cost efficiently.

Question

Quizplus · Accepted Answer

The option E suggests that achieving a low-cost edge over rivals comes from out-managing rivals in finding ways to perform value chain activities faster, more accurately, and at a lower cost. This emphasizes the importance of operational efficiency and effectiveness in gaining a cost advantage in the market. Option A highlights the importance of manufacturing process innovation, however, it may not always result in a low-cost advantage. Option B emphasizes customer service, which may not necessarily lead to a cost advantage. Option C and D are related to market share and market position, but they do not necessarily ensure a low-cost advantage.

Success in Achieving a Low-Cost Edge Over Rivals Comes From