Pressures for Cost Reduction Are Intense in Industries Where

question 41

Multiple Choice

Pressures for cost reduction are intense in industries where

• A) major competitors are based in high-cost locations.
• B) consumers are weak and face high switching costs.
• C) there is persistent excess capacity.
• D) the company is located in a low-cost location.

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Definitions:

Flee

To run away from a place or situation of danger.

Introverted

Characterized by a preference for focusing on one's inner thoughts and feelings rather than seeking external stimulation.

Respectful

Characterized by showing politeness, honor, and care towards others.

Type A

A personality type characterized by high levels of competitiveness, self-imposed stress, impatience, and a sense of urgency.