High levels of formalization of procedures are generally found in firms following a cost leadership strategy.

Name: High levels of formalization of procedures are generally found in firms following a cost leadership strategy.
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Cost leadership strategy aims to minimize costs and increase efficiency, which is often achieved through standardization and formalization of procedures. Therefore, high levels of formalization of procedures are generally found in firms following a cost leadership strategy.

High Levels of Formalization of Procedures Are Generally Found in Firms