To achieve an overall low cost position in their industries, firms should avoid seeking large market shares.

Name: To achieve an overall low cost position in their industries, firms should avoid seeking large market shares.
Brand: Quizplus
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Quizplus · Accepted Answer

To achieve an overall low cost position, firms should seek large market shares as it allows for economies of scale and the ability to spread fixed costs over a larger volume of sales. This can help lower the cost per unit and increase profitability.

To Achieve an Overall Low Cost Position in Their Industries