In pursuing a _____ strategy, managers focus on driving the company's costs down below the costs of its industry rivals.
A)focused low cost
B)low-cost
C)differentiation
D)focused differentiation
E)hypercompetition

Question

Quizplus · Accepted Answer

With a low-cost strategy, managers try to gain a competitive advantage by focusing the energy of all the organization's departments or functions on driving the company's costs down below the costs of its industry rivals.

In Pursuing a _____ Strategy, Managers Focus on Driving the Company's