The options for remedying an internal cost disadvantage include
A) investing in productivity-enhancing, cost-saving technological improvements.
B) redesigning the product or some of its components to facilitate speedier and more economical manufacture or assembly.
C) implementing the use of best practices, particularly for high-cost activities.
D) eliminating some cost-producing activities from the value chain, especially low value-added activities.
E) All of these.

Question

Quizplus · Accepted Answer

All of these options are valid ways to address an internal cost disadvantage. Investing in productivity-enhancing technology can reduce costs in the long term, while redesigning the product or its components can make it easier to manufacture or assemble. Implementing best practices and eliminating low-value activities can also help reduce costs and improve efficiency. A combination of these options is likely the most effective approach.

The Options for Remedying an Internal Cost Disadvantage Include