A Low-Cost Leadership Strategy Becomes Competitively Powerful When

question 24

Multiple Choice

A low-cost leadership strategy becomes competitively powerful when

• A)buyers of the product or service use the product or service in the same ways.
• B)the offerings of rival firms are essentially unique, different, and customized to end users.
• C)price competition among rivals is absent.
• D)buyers prefer that the products/services of competing sellers have widely varying attributes and prices.
• E)buyers have high switching costs.

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Definitions:

Credited

Acknowledged or praised for one’s contributions or efforts towards a particular outcome or achievement.

Albert Schweitzer

was a German-French theologian, organist, writer, humanitarian, philosopher, and physician known for his philosophy of Reverence for Life.

Leader

A person or entity that guides or directs a group, organization, or country towards a goal, often by influencing others and setting a positive example.

Achievement-oriented

Focused on setting and meeting high standards and achieving significant goals.