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

Question

Quizplus · Accepted Answer

An overall low-cost position protects a firm against rivalry from competitors because lower costs allow a firm to earn returns even if its competitors eroded their profits through intense rivalry.

An Overall Low-Cost Position Protects a Firm Against Rivalry from Competitors