Which statement regarding business strategy is true? O 1) With an overall low-cost leadership strategy, firms need not be concerned with the quality of their goods. 2) In the short run, a business with one or more competitive advantages is probably destined to earn normal industry profits 3) Attaining multiple types of competitive advantage is a recipe for confusion 4) In differentiation, the primary emphasis is on product/service attributes for which customers will gladly pay a premium Question 4 (2 points) In our discussion of Cirque du Soleil, we concluded that the firm is a differentiator for all the following reasons except: 1) All seats are armchair; no bleacher seats 2) each show has a specific theme 3) the firm transformed the circus into a theater-type event 4) the firm frequently discounts its tickets and apparel to increase sales