Companies attempt to increase their competitive edge by adopting:
A)green initiatives.
B)lean production.
C)TQM.
D)all of the above.

Question

Quizplus · Accepted Answer

All of the options listed (green initiatives, lean production, and TQM) are strategies that companies can adopt to increase their competitive edge. Green initiatives can help companies differentiate themselves from competitors by showing a commitment to sustainability and reducing negative environmental impacts. Lean production can increase efficiency and reduce costs, which can give companies a price advantage over competitors. TQM (Total Quality Management) focuses on improving and streamlining processes to deliver high-quality products and services, which can improve customer satisfaction and loyalty. By adopting all of these strategies, companies can enhance their overall competitiveness in the marketplace.

Companies Attempt to Increase Their Competitive Edge by Adopting