Cost leadership as a strategy requires a firm to ________.

Question

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Cost leadership strategy aims to maintain the lowest cost structure possible. This requires a firm to aggressively search out efficiencies and cost-saving measures in order to remain competitive on price. Aiming for a cost advantage in a niche market (A) would be a focus of a focus differentiation strategy. Being unique in its product offering (C) would be a focus of a differentiation strategy. Aiming to be similar to its competition in most operations (D) would be a focus of a cost focus strategy.

Cost Leadership as a Strategy Requires a Firm to ________