A company is pursuing price as a competitive advantage. Which of the following operational performance indicators would the company most likely want to improve?
A company is pursuing price as a competitive advantage. Which of the following operational performance indicators would the company most likely want to improve?
A company pursuing price as a competitive advantage would most likely focus on improving efficiency. Efficiency involves reducing waste, optimizing resource usage, and streamlining processes, all of which can help lower costs. Lower costs allow the company to offer competitive pricing to its customers. Therefore, enhancing efficiency is crucial for a company aiming to compete on price.
if price matters, why not A - efficiency?
under SCOR model, only reliability, responsiveness, agility, cost, asset management are covered.
The question doesn't mention the SCOR model. This would fall under the main business strategies category. The low cost strategy requires efficiency
A company that is pursuing price as a competitive advantage is most likely to want to improve its operational efficiency.