To stay one step ahead of the forces of competition, a firm can ...

[dollx]

To stay one step ahead of the forces of competition, a firm can adopt one of these strategies except
 a. Cost reduction
  b. Product differentiation
  c. Advertising
  d. Reduction in the intensity of competition

Question 2

The law of diminishing marginal returns:
 a. states that each and every increase in the amount of the variable factor employed in the production process will yield diminishing marginal returns
  b. is a mathematical theorem that can be logically proved or disproved
  c. is the rate at which one input may be substituted for another input in the production process
  d. none of the above

[aliotak]

Answer to Question 1

c

Answer to Question 2

d