Cost Leadership Is a Sustainable Source of Competitive Advantage Only

question 39

True/False

Cost leadership is a sustainable source of competitive advantage only if barriers exist that prevents competitors from achieving the same low costs.

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Definitions:

Apothecary

A historical term for a healthcare professional who formulated and dispensed herbal remedies to physicians, surgeons, and patients.

Percentage

Rate or proportion of each hundred.

Decimal Points

A dot used to separate the whole number part from the fractional part of a number.

Elixir

A clear, sweet-flavored liquid used in pharmaceuticals as a vehicle for medicinal substances or as a magical potion with curative powers.