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

---

Definitions:

Germinal Stage

The initial two weeks of prenatal development after conception, characterized by cell division and the attachment of the zygote to the uterine wall.

Neonatal Stage

The period extending from birth to 28 days of life, characterizing the first phase of infancy where intensive care and monitoring are essential.

Age of Viability

The stage of fetal development when the fetus is capable of surviving outside the uterus, typically around 24 weeks of gestation.

Prematurely

Occurring or done before the usual or proper time; too early.