please complete all of them 6. Experience effects and economies of scale both co
ID: 419647 • Letter: P
Question
please complete all of them
6. Experience effects and economies of scale both contribute to reduced costs per
unit.
Answer: ______
7. In differentiation strategies, the emphasis is on creating value through uniqueness.
Answer: ______
8. A best cost strategy combines the elements of low-cost leadership and differentiation.
Answer: ______
9. The industry life cycle portrays how sales volume for a class of products changes over its lifetime.
Answer: ______
10. A competitive shakeout usually occurs at the beginning of the growth stage of the product life cycle.
Answer: ______
Explanation / Answer
6.
True
It is the learning curve as well as economy of scale that causes decrease in costs per unit with increased level of production.
7.
True
Differentiation strategy is applied when product offers unique quality, features and benefit to create value.
8.
True
It is a combination of low cost and differentiation strategy.
9.
True
It deals with the industry life cycle and its different phases.
10.
False
It happens at the beginning of the maturity stage in PLC.
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