Which of the following statements about striving to reduce labor costs per pair produced at each of the company's facilities is true? Pursuing actions to achieve low labor costs per pair produced at company facilities is important only to those companies striving to be a low-cost/low-price provider of branded athletic footwear; companies pursuing a strategy to offer buyers premium branded footwear at a premium price do not really have to be concerned about having low labor costs per pair produced. A company's best pathway to achieving low labor costs per branded pair produced is by aggressively pursuing all available options to boost labor productivity to the highest possible level. All companies, regardless of the strategy being employed, should pursue actions to manage employee compensation and labor productivity in a manner that results in labor costs per pair produced equal to (or very close to) the industry-low in each region where the company has facilities. Because of the progressively higher amounts of time it takes to produce branded footwear having a 7-star or higher S/Q rating, it is very difficult for a company producing branded footwear with a S/Q rating of 7-stars or higher to achieve labor costs per pair produced that are significantly below the industry average in those geographic regions where it has production facilities. A company cannot achieve labor costs per pair produced that are well below the industry average and close to the lowest in the industry (in each geographic region where it has production facilities) unless its annual total compensation package is considerably below the average total compensation paid by all companies with production facilities in these same regions