An Overall Low-Cost Position Enables a Firm to Achieve ________

question 56

Multiple Choice

An overall low-cost position enables a firm to achieve ________ returns despite strong competition.

• A) below average
• B) average
• C) no
• D) above average

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Definitions:

Patent

A legal document granted by the government giving an inventor the exclusive right to produce, use, and sell an invention for a certain period of years.

Research And Development

A set of activities undertaken to improve existing products, services, or processes, or to create new ones.

Net Income

The amount of money remaining after all operating expenses, taxes, and interest are deducted from total revenue.

Research And Development

Activities undertaken by companies to innovate and introduce new products or processes, often involving substantial investment in technology and human resources.