Value-Mart has achieved the status of overall low-cost producer in its industry,which means that Value-Mart ________.

Question

Quizplus · Accepted Answer

Being the overall low-cost producer means that Value-Mart can offer products at a lower price than its competitors. This gives them a competitive advantage in the event of a price war since they can lower their prices further without sacrificing profits. However, it does not necessarily mean that they will earn the largest profits of any company in the industry, make the most appealing product, or block the entry of new firms into the industry.

Value-Mart Has Achieved the Status of Overall Low-Cost Producer in Its