Cost-reduction generate
a) Increases in long-run profitability
b) Increases in long-run profitability only if the cost reduction is difficult to imitate
c) Increases in product differentiation
d) Reduction in competitive intensity
ANS B
Cost-reduction generate
a) Increases in long-run profitability
b) Increases in long-run profitability only if the cost reduction is difficult to imitate
c) Increases in product differentiation
d) Reduction in competitive intensity
ANS B