One risk of a cost leadership strategy is that the technology for production or of products may change.

Name: One risk of a cost leadership strategy is that the technology for production or of products may change.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If the technology for production or of products changes, the cost leader may not be able to maintain their cost advantage and may have to invest in new technology, which can be expensive. This can lead to a loss of their cost leadership position and decreased profitability.

One Risk of a Cost Leadership Strategy Is That the Technology