An Overall Low-Cost Position Protects a Firm Against Rivalry from Competitors

question 89

Multiple Choice

An overall low-cost position protects a firm against rivalry from competitors because ________ allow a firm to earn returns even if its competitors eroded their profits through intense rivalry.

• A) higher costs
• B) higher prices
• C) lower costs
• D) lower prices

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Definitions:

Coping Responses

Behavioral, cognitive, and emotional ways in which individuals manage stress, challenges, and adversity.

Adaptive

Refers to the ability of an organism or entity to change or adjust effectively to new environments or to changes in their current environment.

Correlational Data

Information collected from studies that aim to identify and measure the strength and direction of relationships between two or more variables.

Causality

The relation between cause and effect, where one event is understood to be a consequence of another.