Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIPS Exam L4M6 Topic 7 Question 17 Discussion

Actual exam question for CIPS's L4M6 exam
Question #: 17
Topic #: 7
[All L4M6 Questions]

Which of the following are elements of a business that can develop a company's competitive advantage? Select THREE.

Show Suggested Answer Hide Answer
Suggested Answer: D

The correct answer is 'greater creativity'. A synergy is the concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts. P.160


by Elly at Feb 07, 2023, 11:54 AM

Limited Time Offer

25%

Off

Get Premium L4M6 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Cassie
1 months ago
Ah, the age-old question of how to beat the competition. I'd say the key is to focus on your people, your culture, and your cost structure. Those are the real differentiators, not some random natural resources. Now, if you'll excuse me, I need to go work on my company's interpretive dance team.
upvoted 0 times
...
Jamika
1 months ago
Natural resources? Really? I mean, sure, they can be important, but they're not really something a company can control or develop as a core competency. I'd go with B, C, and D.
upvoted 0 times
...
Penney
1 months ago
Hmm, I think the answer is B, C, and D. Cost leadership, human resource management, and organization culture are all critical factors in developing a sustainable competitive edge.
upvoted 0 times
Penney
16 days ago
I agree with you, B, C, and D are definitely important elements for a company's competitive advantage.
upvoted 0 times
...
Madelyn
29 days ago
I think human resource management is also crucial in developing a company's competitive edge.
upvoted 0 times
...
Norah
1 months ago
I agree with you, cost leadership is definitely important for competitive advantage.
upvoted 0 times
...
...
Leonora
2 months ago
Well, I definitely agree that cost leadership and organization culture are key elements for building a competitive advantage. But I'm not sure if human resource management would be considered one of the top three.
upvoted 0 times
Charlie
10 days ago
D) organisation culture
upvoted 0 times
...
Earleen
22 days ago
B) cost leadership
upvoted 0 times
...
Broderick
1 months ago
A) cost focus
upvoted 0 times
...
...
Linn
2 months ago
I believe natural resources can also play a role in developing competitive advantage for a company.
upvoted 0 times
...
Donette
2 months ago
I agree with Ozell. Cost leadership can also be a key element for competitive advantage.
upvoted 0 times
...
Ozell
2 months ago
I think cost focus, human resource management, and organization culture are important for competitive advantage.
upvoted 0 times
...

Save Cancel