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CIPS L4M6 Exam - Topic 7 Question 17 Discussion

Which of the following are elements of a business that can develop a company's competitive advantage? Select THREE.
D) organisation culture
A) cost focus
B) cost leadership
C) human resource management
E) natural resources

CIPS L4M6 Exam - 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

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Rochell
8 months ago
Wait, cost focus? Isn't that just a part of cost leadership?
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Lorrine
8 months ago
Totally agree, organisation culture can make or break a company!
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Leslee
9 months ago
Not sure about natural resources being a competitive advantage.
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Dana
9 months ago
I think human resource management is super important too!
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Stephen
9 months ago
Cost leadership is definitely a key factor.
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Iraida
9 months ago
I’m leaning towards cost focus and natural resources, but I’m not entirely confident about those choices.
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Colene
9 months ago
I feel like organisation culture could be important too, but I can't recall if it was one of the options in the practice questions.
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Marylin
9 months ago
I remember practicing a similar question, and I think human resource management plays a big role in competitive advantage.
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Jolene
9 months ago
I think cost leadership is definitely one of the elements, but I'm not sure about the others.
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Kaycee
9 months ago
Hmm, I'm a bit confused on this one. I know the Update message carries a lot of different attributes, but I can't remember which one is required. I'll have to think this through carefully.
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Ollie
10 months ago
Hmm, I'm a bit unsure about the PRINCE2 management stages. Let me think this through carefully.
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Cassie
1 year 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.
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Jamika
1 year 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.
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Penney
1 year 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.
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Yuette
1 year ago
Human resource management plays a key role in building a strong team and maintaining a competitive edge.
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Ben
1 year ago
Organization culture plays a big role in setting a company apart from its competitors.
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Jeanice
1 year ago
I think cost leadership is crucial for staying ahead of the competition.
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Penney
1 year ago
I agree with you, B, C, and D are definitely important elements for a company's competitive advantage.
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Madelyn
1 year ago
I think human resource management is also crucial in developing a company's competitive edge.
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Norah
1 year ago
I agree with you, cost leadership is definitely important for competitive advantage.
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Leonora
1 year 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.
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Charlie
1 year ago
D) organisation culture
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Earleen
1 year ago
B) cost leadership
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Broderick
1 year ago
A) cost focus
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Linn
1 year ago
I believe natural resources can also play a role in developing competitive advantage for a company.
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Donette
1 year ago
I agree with Ozell. Cost leadership can also be a key element for competitive advantage.
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Ozell
1 year ago
I think cost focus, human resource management, and organization culture are important for competitive advantage.
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