A firm's strategy is to be the low-cost provider in an industry; its tactics relate to the use of hard bargaining with vendors, and seeking major pricing concessions for buying in large quantities.

Question

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A firm's strategy to be a low-cost provider aligns with tactics like hard bargaining and seeking pricing concessions, as these actions help reduce costs and maintain competitive pricing.

A Firm's Strategy Is to Be the Low-Cost Provider in an Industry;