When using a BCG matrix, a business that currently holds a large market share in a rapidly

growing market and that has minimal or negative cash flow would be known as a

cow.

dog.

problem child.

star.

One aspect of using a cost leadership strategy is that experience effects may lead to lower

costs. Experience effects are achieved by

hiring more experienced personnel.

repeating a process until a task becomes easier.

spreading out a given expense or investment over a greater volume.

competing in an industry for a long time.