A Low-Cost Leader's Basis for Competitive Advantage Is

question 45

Multiple Choice

A low-cost leader's basis for competitive advantage is

• A)lowest possible prices for comparable products.
• B)a low-cost/moderate price approach to gain the biggest market share.
• C)high buyer switching costs.
• D)meaningful lower overall costs than rivals on comparable products.
• E)higher unit sales than rivals.

---

Definitions:

Social Forces

Complex societal factors such as norms, laws, and cultural values that influence individuals' behaviors and interactions within society.

Anomic Suicide

A type of suicide that occurs when an individual feels disconnected from society due to a breakdown in social norms or a lack of social regulation.

Durkheim

is a reference to Émile Durkheim, a pioneering French sociologist known for his substantial contributions to the sociology of religion, law, suicide, and the framework of functionalism.

Shared Norms

Shared norms refer to the common beliefs, values, and expectations that guide behavior within a group of individuals or society.