Management Strategy:

QUESTION 1:

A.

(Answer A is known to be not correct)

B.

(Answer C is known to be no correct)

All else equal, what would you recommend a company looking to engage in cost leadership focus on developing? Acquiring human capital to take advantage of learning-curve economies. Acquiring physical capital allowing for low variable costs. O An organizational culture promoting synergy and efficiency. O Best in class customer service. Which of the following statements is false? O A cost leadership strategy is generally compatible with Veblen goods. It is possible to participate in both a cost leadership and differentiation strategy. O Cost leadership is not a viable strategy for a company when its competitors are producing similar products. O Reducing the cost of inputs is an important component of cost leadership strategies