Nissan planned to offer Datsun a low-priced new car for $7,000 to $9,000.This is an example of what strategy?

Question

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The strategy used by Nissan to offer a low-priced car is Cost Leadership. Cost Leadership is a strategy that focuses on offering products or services at the lowest cost compared to competitors while maintaining acceptable quality. By setting such a low price range for a new product, Nissan is trying to attract price-sensitive customers and gain a competitive advantage in the market.

Nissan Planned to Offer Datsun a Low-Priced New Car for $7,000