[ANSWER] Discussion—Predicting and Developing a Long-Term Growth Strategy

Question description

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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