A. inelastic demand
B. product differentiation
C. cost leadership
D. elastic demand
Related Mcqs:
- An organization’s ability to offer market offerings at lower prices, in comparison with its competitors is known as __________?
A. inelastic demand
B. product differentiation
C. cost leadership
D. elastic demand - The process which leads to disassembling and analysis of competitors, operating activities to become acquainted with competitors’ technologies is called ___________?
A. outsource engineering
B. reverse engineering
C. target engineering
D. off shore engineering - An engineering of products or detailed planning of products or services is called ___________?
A. product design
B. research steps
C. useful chain
D. value added - In response to challenges arisen by competitors and new entrants, the strategy which must be considered by the company does include __________?
A. cost leadership
B. demand inelasticity
C. differentiated products
D. both A and C - The pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as ______________?
A. product life cycle method
B. life cycle budgeting method
C. life cycle costing method
D. time and material method - In value chain analysis, the delivery of services or products to end customers is classified as _____________?
A. resource research
B. market research
C. utilization
D. distribution - If cost is eliminated, then reducing the perceived usefulness that customers can obtain by using the market offering will come under _____________?
A. designed-in costs
B. locked-in costs
C. value added cost
D. non-value added cost - The kind of cost which on elimination, would not reduce the perceived usefulness that customers can obtain by using the market offering is known as ___________?
A. designed-in costs
B. locked-in costs
C. value added cost
D. non-value added cost - A company must eliminate all those activities that do not add value to all the products or services in planning of ___________?
A. variable overhead cost
B. fixed overhead cost
C. fixed batch cost
D. variable batch cost - The way an organization matches its capabilities with available opportunities to accomplish its goals is called _______?
A. elasticity incurrence
B. off shoring
C. strategy
D. engineering