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Thor's Gazebos faces stiff competition from Loki's Equipment, a rival firm with which Thor's Gazebos' has achieved differentiation parity. Both firms have invested in state
Thor's Gazebos faces stiff competition from Loki's Equipment, a rival firm with which Thor's Gazebos' has achieved differentiation parity. Both firms have invested in stateofthe art production facilities and have similar learning curves of percent. Assuming neither firm can reduce the cost of its input factors, how can Thor's Gazebos achieve a competitive advantage as a costleader?
D Cut costs by eliminating several features that customers value.
A Have a cumulative output that is greater than Loki's.
B Increase spending to develop additional product features.
C Reduce the manufacturing staff by half to save on labor costs.
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