Question
Which one of the following is not a valid or potentially attractive strategic option for a company that is trying to create a cost advantage
Which one of the following is not a valid or potentially attractive strategic option for a company that is trying to create a cost advantage over rivals or remedy a cost disadvantage?
a. Outsourcing certain internally-performed activities to vendors or contractors who can perform them more economically than they can be performed in-house
b. Initiating a benchmarking program to identify which specific types of costs to focus on cutting.
c. Collaborating with forward channel allies to identify win-win opportunities to reduce costs
d. Changing to a more economical distribution strategy
e. Pressuring suppliers for lower prices, switching to lower-priced substitute inputs, and collaborating closely with suppliers to identify mutual cost-saving opportunities
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