Once a firm becomes a cost leader, it no longer has to search as diligently for lower costs.

Name: Once a firm becomes a cost leader, it no longer has to search as diligently for lower costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Even though a firm may have become a cost leader, they must still continuously search for lower costs in order to maintain their competitive advantage and stay ahead of their competition. Being complacent with their current position could lead to a loss of competitiveness in the long run.

Once a Firm Becomes a Cost Leader, It No Longer