Which of the Following Statements Is Accurate

question 63

Multiple Choice

Which of the following statements is accurate?

• A) A cost-leadership competitive strategy increases the threat of new entrants by lowering cost-based barriers to entry.
• B) Firms with a low-cost position can reduce the threat of rivalry in an industry.
• C) Cost leaders are especially vulnerable to substitute products.
• D) Cost leaders are especially vulnerable to the threat of suppliers.

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Definitions:

Deindividuation

A psychological state in which an individual loses self-awareness and a sense of individuality, often resulting in disinhibited behavior.

Social Facilitation

The improvement in performance observed when an individual performs a task in the presence of others, compared to when they are alone.

Social Loafing

The occurrence in which people put in less effort towards reaching a goal when they are part of a group compared to when they are working solo.

Common Goal

A shared objective or aim among members of a group.