________ is a firm's ability to implement low costs compared to its competitors with productivity improvements, increased efficiency, reduction of waste, and the use of cost control.
A) Strategy
B) Product differentiation
C) Cost leadership
D) The balanced scorecard

Question

Quizplus · Accepted Answer

Cost leadership is a firm's ability to implement low costs compared to its competitors with productivity improvements, increased efficiency, reduction of waste, and the use of cost control.

________ Is a Firm's Ability to Implement Low Costs Compared