Investing in cost drivers can improve the firm's performance by allowing it to lower prices.

Name: Investing in cost drivers can improve the firm's performance by allowing it to lower prices.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Investing in cost drivers, which are factors that influence the costs of a business, can lead to more efficient operations and lower production costs. This, in turn, allows a firm to lower prices while maintaining or improving margins, potentially improving its competitive position and overall performance.

Investing in Cost Drivers Can Improve the Firm's Performance by Allowing