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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 state-of-the art production facilities and have similar learning curves of 85 percent. Assuming neither firm can reduce the cost of its input factors, how can Thor's Gazebos achieve a competitive advantage as a cost-leader?
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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