In general economies of scale and economies of learning (experience curve) provide an element of competitive advantage for firms pursuing which type of strategy
A) Cost leadership
B) Differentiation
C) Diversification
D) Price leadership
Correct Answer:
Verified
Q6: Porter argued that there are particular ways
Q7: Competitive advantage can be defined as
A) Delivering
Q8: For economists 'cost' can be viewed as
Q9: Economies of scale is present for an
Q10: _ curve effects occur when costs fall
Q12: Economies of _ can be achieved when
Q13: Economies of scope can be achieved in
Q14: Volume and _ are crucially important factors
Q15: In a market with _ competition all
Q16: It is in the interest of individual
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