Question

The options for remedying a supplier-related cost disadvantage include A. shifting into the production of substitute products. B. cutting selling prices and trying to win a bigger market share. C. instituting forward vertical integration. D. shifting from a low-cost leadership strategy to a differentiation or focus strategy. E. pressuring suppliers for more favorable prices, switching to lower-priced substitute inputs, and collaborating closely to identify mutual cost

Answer 1

Answer: The correct answer is " E. pressuring suppliers for more favorable prices, switching to lower-priced substitute inputs, and collaborating closely to identify mutual cost".

Explanation: The options for remedying a supplier-related cost disadvantage include pressuring suppliers for more favorable prices, switching to lower-priced substitute inputs, and collaborating closely to identify mutual cost.

The most advisable to solve this type of disadvantages is to talk with suppliers in search of promotions, offers that help lower costs and in case of not reaching an agreement, look for substitute supplies that allow maintaining an acceptable level of quality and lower costs.