A Cost Leader's Lower Costs Allow It to Continue to Earn

question 94

True/False

A cost leader's lower costs allow it to continue to earn profits during times of heavy competition.

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Definitions:

Alderfer's ERG Theory

A motivational theory positing that human beings have three core groups of needs: Existence, Relatedness, and Growth, which influence their behavior.

Herzberg's Two-Factor Theory

A theory of motivation that suggests there are certain factors in the workplace that cause job satisfaction, while a separate set of factors cause dissatisfaction.

Alderfer's ERG Theory

A motivational theory that categorizes human needs into three groups: Existence, Relatedness, and Growth, proposing that people can be motivated by needs in more than one group at a time.

Maslow's Hierarchy

A psychological theory positing a five-tier model of human needs, ranging from basic (physiological) needs to higher (self-actualization) needs.