Question $20$

For a company to perform its value chain activitis more sost$-$etliciently than rivals, its managers must

employ a valut thain with fewer cost producing activies than the value chains of rival fiems and minimize the number of cost

drivers that affect is operations

eliminate all frils and taatures from the ompary's produst offering so as to enable the company to achieve the absolutely

lowest possible costs of ery firm in the industry.

search out cost$-$siaing opporturities in every part of the value chain and pay particular attention in a set of factors kriown as

cost drivers that howe a strong efiect on a company's costs and can be used as lewers to lower costs.

Strive to indute es mamy cost drivers as possible in the company's uslue chain.

enove the performince of mory all value chain activities to low$-$wige cournties.