Which of the following best represents a low-cost producer?
A)gourmet grocery store
B)discount grocery store
C)high end retailer
D)specialty store

Question

Quizplus · Accepted Answer

A discount grocery store typically focuses on offering products at lower prices compared to their competitors by keeping operational costs, marketing expenses, and packaging expenses as low as possible. Therefore, they can be considered low-cost producers. The other options are less likely to be low-cost producers as they may focus on providing high-quality or specialty products that can come with higher costs.

Which of the Following Best Represents a Low-Cost Producer