Company 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.

Question

Quizplus · Accepted Answer

The most effective way for a company to achieve a low-cost edge over rivals is by out-managing competitors in finding ways to perform value chain activities faster. This includes streamlining processes and reducing waste, which lowers costs and improves efficiency. Additionally, it can enable the company to offer lower prices than its competitors, which can help it win market share and increase profitability. Therefore, choosing option E is the best answer.

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