Which of the Following Is a Driver That Permits a Low-Cost

question 48

Multiple Choice

Which of the following is a driver that permits a low-cost strategy to be successful?

• A) When customers tend to expect different features and benefits from products within a category
• B) When buyers and suppliers have weak bargaining power, lowering the pressure on the industry's profit margins
• C) When there are high industry entry barriers, diminishing the potential need for incumbents to compete on price
• D) When there is a standardization of products or services among industry rivals

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Definitions:

X-axis

The horizontal line on a graph or chart, typically representing the range of values for an independent variable.

Graph

A visual representation of data designed to show the relationship between two or more variables.

Labeling

The process of assigning a name, category, or description to a phenomenon, often seen in the context of social identity or diagnosis.

Graph Design

The process of planning the visual representation of data to communicate information clearly and effectively.