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Generally speaking, what is the result when customers place more value on a firm's products? Multiple Choice It will lessen consumer surplus for those products.
Generally speaking, what is the result when customers place more value on a firm's products? Multiple Choice It will lessen consumer surplus for those products. The firm will make less profit, overall. The firm can charger higher prices for those products. There will be more competitive pressure from other firms.Which term refers to all of the different positions that a firm can adopt with regard to adding value to the product and low cost assuming that its internal operations are configured efficiently to support a particular position? Multiple Choice value creation scale efficiency frontier economies of scale diminishing returns
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