A relative lack of market research can lead cost leaders to be not as skilled as other firms at detecting important environmental changes.

Name: A relative lack of market research can lead cost leaders to be not as skilled as other firms at detecting important environmental changes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost leaders often focus on efficiency and cost reduction, which can result in less emphasis on market research and environmental scanning, making them slower to detect changes.

A Relative Lack of Market Research Can Lead Cost Leaders