As a barrier to new entry, absolute cost advantages can be based on:
A) continuous advertising of brand and company names, and product innovation achieved through research and development.
B) high product quality, service-oriented innovations, and good after-sales service.
C) cost reductions that arise from the mass production of standardized output.
D) the unique ability of established companies to spread fixed costs over a large volume.
E) superior production operations and processes due to accumulated experience, patents, or trade secrets.
Correct Answer:
Verified
Q28: Which of the following is not a
Q29: Which of the following would not diminish
Q30: Successful innovation cannot transform the nature of
Q31: Studying industry changes over time is essential
Q32: The punctuated equilibrium view can be described
Q34: An impact that the changing industry boundaries
Q35: When the value of the dollar is
Q36: Interest rates have an impact on the
Q37: Which of the following statements correctly describes
Q38: If economies of scale are an industry's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents