Question: Why is it important to understand efficiency? Note: You can pick one or multiple answers If you have high efficiency, it might make sense to

Why is it important to understand efficiency? Note: You can pick one or multiple answers

If you have high efficiency, it might make sense to use a penetration pricing strategy

Efficiency impacts whether your firm's resources are easily imitated

If you have high efficiency, you might be able to negotiate better distribution contracts

Efficiency impacts what consumer segment you might choose

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