A buttery spread designed to help lower cholesterol levels is a product with a number of new competitors entering the market. This product is most likely in the introduction stage of its product life cycle

A _______ balances supply and demand for a given offering

a. service recovery system b. market-clearing price c. commitment d. coordination

If a firm's competitive strategy is to be a cost leader, then business activities need to be developed to provide essential functions at the lowest possible cost

Indicate whether the statement is true or false