The Risks of a Cost Leadership Strategy Include

question 50

Multiple Choice

The risks of a cost leadership strategy include:

• A)becoming 'stuck in the middle'
• B)not increasing the value of a good or service in the face of successful imitations
• C)the ability of competing firms to provide similar features in a product
• D)customers deciding the product is not worth what the firm must charge for it

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Definitions:

Gross Motor Coordination

The ability to use large muscles to perform tasks like walking, jumping, and maintaining balance.

Fine Motor Skills

The coordination of small muscle movements usually involving the synchronization of hands and fingers with the eyes.

Voluntarily Grasp

The intentional action of closing the hand and holding onto something, seen as an important motor skill development in infants.

Developmental Lag

A delay in reaching specific developmental milestones compared to the average timeline for those milestones.