When there is high price elasticity of demand facing a firm:

Select one:

a.A cost advantage for the firm should generally result in a Share Strategy to achieve a competitive advantage.

b.A benefit advantage for the firm should generally result in a Share Strategy to achieve a competitive advantage.

c.A benefit advantage for the firm should generally result in a Margin Strategy to achieve a competitive advantage.

d.Only answers 'a' and 'b' are correct.

e.Only answers 'a' and 'c' are correct.