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Which of the following is critical for a firm adopting a
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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

 







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