A cost leadership strategy is one that:
A) allows a company to charge the lowest possible prices for its products.
B) focuses on hiring experienced employees who may remain with the company for a long time.
C) has reward systems based on quality rather than on the quantity of output.
D) focuses on maximizing the overall costs as much as possible.

Question

Quizplus · Accepted Answer

A cost leadership strategy aims to minimize costs in order to offer products at the lowest possible prices, thereby gaining a competitive advantage.

A Cost Leadership Strategy Is One That