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Respond to the following:What can you learn from the financial statements of competitors that determine the relative cost position of your company?What are some of the ways in which you can secure a s

Respond to the following:

  • What can you learn from the financial statements of competitors that determine the relative cost position of your company?
  • What are some of the ways in which you can secure a sustainable cost advantage over the competition?
  • How does maintaining a strong understanding of relative costs help you maintain the competitive advantage?
  • How do you use cost structure to differentiate products? Do you think product differentiation is a successful growth strategy? Why or why not?
  • What is the usefulness of conducting a customer profitability analysis?
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