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If Cost-Leadership Strategies Can Be Implemented by Numerous Firms in an Industry

question 54

True/False

If cost-leadership strategies can be implemented by numerous firms in an industry, or if no firms face a cost disadvantage in imitating a cost-leadership strategy, then being a cost leader does not generate a sustained competitive advantage for a firm.

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Definitions:

Hudson River School

A mid-19th century American art movement embodied by a group of landscape painters influenced by romanticism, focusing on the Hudson River Valley.

Landscape Painting

A genre of painting that depicts natural scenery such as mountains, valleys, trees, rivers, and forests, emphasizing the beauty of the natural world.

Colorist Painting

A style of painting where color is the main focus, often used to convey emotions and atmospheres.

Form and Line

Fundamental elements of design and visual art, where "form" refers to the shape and structure of objects and "line" to the continuous mark or edge defining those forms.

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