Largo Inc.is one of the market leaders in the food industry.It ensures that everything it does in the production process is geared toward keeping production costs low.A price cut is then passed on to its customers.Despite its cost control drive,Largo Inc.still makes products that are on par with industry standards.The organization strategy that Largo Inc.has adopted is referred to as a _____ strategy.

Question

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Largo Inc.'s focus on keeping production costs low and passing on price cuts to customers indicates a cost leadership strategy - an approach in which a company strives to be the lowest-cost producer in the industry while maintaining the quality of its products or services.

Largo IncIs One of the Market Leaders in the Food Industry