Managers can pursue any of several strategic approaches to reduce the costs of internally performed value chain activities and improve a company's cost competitiveness by
A) investing in productivity-enhancing,cost-saving technological improvements.
B) outsourcing internally performed activities to those able to perform the activities at a lower cost.
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 choices are correct.

Question

Quizplus · Accepted Answer

Ways to reduce costs of internally performed activities and improve cost competitiveness include: (1) implementing best practices,(2) revamping the value chain,(3) relocating high-cost activities,(4) outsourcing,(5) investing in productivity improvements,(6) finding ways to detour around the activities or items,(7) product redesign,and (8) reducing costs at the supplier or distributor level.

Managers Can Pursue Any of Several Strategic Approaches to Reduce