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What Market Conditions and Circumstances Make a Low-Cost Provider Strategy

question 9

Essay

What market conditions and circumstances make a low-cost provider strategy attractive? What are the pitfalls in pursuing a low-cost provider strategy-what can go wrong?


Definitions:

Sum

The outcome of combining two or more numbers or quantities.

Cancellation

In mathematics, the process of simplifying expressions by eliminating factors or terms that are common to both the numerator and the denominator.

Add

The mathematical operation of combining two or more quantities to get a total sum.

Fractions

A mathematical expression representing the division of one quantity by another, denoting parts of a whole.

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