An overall high-cost position enables a firm to achieve above-average returns despite strong competition.
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Q15: A low-cost position provides more flexibility to
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Q17: Concentrating solely on one form of competitive
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Q20: A low-cost position protects firms against powerful
Q21: A potential pitfall of a focus strategy
Q22: A potential pitfall of a focus strategy
Q23: A cost leadership strategy is not susceptible
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