According to Porter's competitive strategies framework, an organisation that sets out to be the low-cost producer in its industry is following what type of strategy?

Question

Quizplus · Accepted Answer

A company following a cost leadership strategy aims to achieve the lowest cost of production and distribution in the industry. This allows them to price their products lower than competitors and gain market share. They may achieve this through various means such as economies of scale, efficient supply chain management, and streamlining operations.

According to Porter's Competitive Strategies Framework, an Organisation That Sets