• 2022-06-05
    Cost leadership as a strategy requires a firm to____________.
    A: aggressively seach out efficiencies to maintain the lowest cost structure
    B: be unique in its product offering
    C: aim at a cost advantage in a niche market
    D: aim to be similar to its competition in most operations
  • A

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      ______ is the strategy used by businesses to create a low cost of operation within their industry. The use of this strategy is primarily to gain an advantage over competitors by reducing operation costs below that of others in the same industry. A: Cost leadership B: Cost focus C: Differentiation D: Differentiation focus

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      A perfectly competitive firm maximizes its profit by producing the output at which its marginal cost equals its ____ A: marginal revenue B: average total cost C: average variable cost. D: average fixed cost.

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      A competitive firm maximizes profit by choosing the quantity at which ( ) A: average total cost is at its minimum. B: marginal cost equals the price. C: average total cost equals the price. D: marginal cost equals average total cost.

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      The average of a firm's cost of equity and after tax cost of debt that is weighted based on the firm's capital structure is called the: A: reward to risk ratio B: weighted capital gains rate C: structured cost of capital D: weighted average cost of capital

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      Monopoly maximizes its profit mainly rely on its ___. A: demand curve B: cost curve C: supply curve D: demand curve and cost curve