Improvements aimed at lowering costs are called

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1. Which strategy is most vulnerable to technological obsolescence?

1. Focus-differentiation 2. Differentiation 3. Focus-low-cost 4. Multiple strategies

2. Improvements aimed at lowering costs are called

1. process innovations. 2. product innovations. 3. structural innovations. 4. None of the above.

3. Low cost leaders depend on capabilities readily available to others in the industry such as access to scarce raw materials, large market share, or a high degree of capitalization.

True False

4. Imitation by competitors is generally not a concern for businesses employing the low-cost strategy.

True False

Reference no: EM132161328

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