As a barrier to new entry, absolute cost advantages can be based on:
a. continuous advertisi...
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Business, 06.12.2019 23:31 catherinethomas0826
As a barrier to new entry, absolute cost advantages can be based on:
a. continuous advertising of brand and company names, and product innovation achieved through research and development.
b. high product quality, service-oriented innovations, and good after-sales service.
c. the unique ability of established companies to spread fixed costs over a large volume.
d. cost reductions that arise from the mass production of standardized output.
e. superior production operations and processes due to accumulated experience, patents, or trade secrets.
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