Quick responsiveness to market changes is least critical for a company:
A) pursuing a focus strategy.
B) pursuing a low-cost strategy.
C) using strategic alliances to develop new technology.
D) pursuing a differentiation strategy.

Question

Quizplus · Accepted Answer

A low-cost strategy emphasizes efficiency and cost reduction, which may not require quick responsiveness to market changes as much as other strategies that focus on innovation or customer-specific needs.

Quick Responsiveness to Market Changes Is Least Critical for a Company