Please select all that are true: Group of answer choices a risk of being a cost leader is that the processes the firm uses may become obsolete. 2 firms competing in the same industry (1 with a differentiation strategy, 1 with a cost leadership strategy) will generally have dissimilar value chain activities. a risk for a differentiator is that the product the firm produces is a fad and consumers will no longer pay a premium price. 2 firms competing in the same industry (1 with a differentiation strategy, 1 with a cost leadership strategy) will generally have similar value chain activities.

You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i.e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?