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Management · Q339

Strategic Management

Graduate and Post Graduate · Management · question 339

Q339

Cost efficiency is determined by which of the following drivers?

A.
Supply Costs, Experience, Product/Process Design and Economies of Scale
Answer
B.
Supply Costs & Economies of Scale
C.
Product/Process Design and Economies of Scale
D.
Experience

Answer: Option A

Solution

Answer: Option A
Solution:
Cost efficiency is determined Supply Costs, Experience, Product/Process Design and Economies of Scale. Cost efficiency is the strategic choice for many construction companies.