Which of the following is one of the risks of a low-cost strategy?
A) The firm's low cost position can be duplicated by others in the industry.
B) Customers do not value the benefits derived from low costs.
C) The firm risks being out-competed in the market if it is not the low-cost leader.
D) All of the above are risks associated with a low-cost strategy.
Correct Answer:
Verified
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