Which of the Following Is an Implication of All Firms

question 63

Multiple Choice

Which of the following is an implication of all firms in an industry pursuing a low-cost position through application of competitive benchmarking?

• A) No firm would face direct competition from others in the industry; hence, profit potential would be high.
• B) Each firm would be catering to a different customer segment.
• C) The firms would eventually have no resources to invest in product and process improvements.
• D) Each firm would be in a better position to gain a competitive advantage.

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Standardized tests designed to measure cognitive abilities and potential, often used in educational and psychological settings.

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The solutions or responses that accurately address questions or problems according to specified criteria or factual information.

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A condition or state where an individual experiences a narrower range of emotions than is typically considered normal.