19 An organization that is using the cost leadership appreac

19) An organization that is using the cost leadership appreach would_ A) incur costs for innovative R&D; B) provide products at a higher cost than competiters C) focus on productivity through efficieney improvements D) bring products to market rapidly 20) Which of the following invelves a fundamental rethinking and redesign of business processes to achieve improvements in critical measures of performance? A) Strategy B) Product differentiation C) Product designing D) Reengineering

Solution

Ans: Question 19

Point C is the answer for the question 19 i.e. \"An organisation that is using the cost leadership approach would focus on productivity through effieciency improvements.

(Definition of \"Cost Leadership\": \"Cost Leadership\" is an organization\'s ability to achieve low costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control.)

Ans: Question 20

Point D is the answer for question 20.

(Definition of \"Reengineering\": Reengineering(or Business Process Reengineering) is the fundamental rethinking and redesign of business processes to achieve improvements in critical measures of performance such as cost, quality, service, speed, and customer satisfaction.