The options for internally performed value chain activities and improve a company's cost competitiveness include:
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.

Question

Quizplus · Accepted Answer

All of the options listed can help a company improve its cost competitiveness by either increasing efficiency, reducing costs, or eliminating unnecessary activities. Investing in productivity-enhancing, cost-saving technological improvements can increase efficiency and reduce costs. Outsourcing internally performed activities to lower-cost providers can reduce costs. Implementing best practices, particularly for high-cost activities, can increase efficiency and reduce costs. Eliminating cost-producing activities can reduce overall costs and increase efficiency. Therefore, a combination of these options is likely the most effective way to improve a company's cost competitiveness.

The Options for Internally Performed Value Chain Activities and Improve