Which of the following statements is incorrect about fundamental business strategies? Multiple Choice In general, a cost differentiation strategy results in lower profit margins whereas a product differentiation strategy results in higher profit margins. A company implementing a cost differentiation strategy is attempting to increase operating efficiency of assets and improve the inventory turnover ratio. A company will be more profitable because it will attract a higher volume of customers and sales revenue when it follows a product differentiation strategy versus a cost differentiation strategy Multiple Choice In general, a cost differentiation strategy results in lower profit margins whereas a product differentiation strategy results in higher profit margins. A company implementing a cost differentiation strategy is attempting to Increase operating efficiency of assets and improve the inventory turnover ratio. A company will be more profitable because it will attract a higher volume of customers and sales revenue when it follows a product differentiation strategy versus a cost differentiation strategy A company implementing a product differentiation strategy is attempting to improve its net profit margin through charging higher prices