In: Economics
1. Firms that do not add value can still be very profitable and competitive. T/F
2. A differentiation strategy refers to a firm that has boosted the willingness of customers to pay for its goods and services. T/F
3. Firms cannot achieve a competitive advantage by producing superior goods at a lower cost. T/F
4. A value chain should list primary and supporting activities that a firm does differently from competitors, including what it does not do. T/F