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Which of the following is critical for a firm adopting a
Which of the following is critical for a firm adopting a cost-reduction strategy?
a. The firm must be the first to adopt the cost-reduction strategy.
b. The strategy reduces costs by at least 10%.
c. The strategy is focused on reducing internal production costs.
d. The methods of achieving cost reductions are difficult to imitate.
Answer in your own words and must provide explanation
This question was answered on: Feb 21, 2020
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