Even Where Competitive Advantage Is Not Primarily Based on Cost

question 35

True/False

Even where competitive advantage is not primarily based on cost, a firm needs to be reasonably cost-efficient compared to close competitors.

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Definitions:

Adolescent Egocentrism

A cognitive characteristic of adolescence, involving difficulty distinguishing between one's own perspective and someone else's viewpoint.

Unique

Being the only one of its kind; unlike anything else.

Confidence

A belief in one's abilities or qualities.

Adolescent Egocentrism

A developmental stage where teenagers excessively focus on themselves and have difficulty recognizing other perspectives.