Value-Mart Has Achieved the Status of Overall Low-Cost Producer in Its

question 14

Multiple Choice

Value-Mart has achieved the status of overall low-cost producer in its industry,which means that Value-Mart ________.

• A) can strongly defend its market position in the event of a price war
• B) will earn the largest profits of any company in the industry
• C) makes the most appealing product in its industry
• D) can block the entry of new firms into the industry

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Definitions:

Multiply

To increase or combine quantities through the mathematical operation of multiplication.

Decimal

A number system based on ten, involving numbers with fractions represented by digits following a period.

Smaller

Referring to an object of lesser size or amount compared to another.

Multiply

A mathematical operation where a number is added to itself a certain number of times, equivalent to repeated addition.