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.