A technology company decides to redesign key aspects of its products to better leverage the same components and reduce manufacturing overheads. These savings will then facilitate price reductions. What strategy is the company pursuing?
A)focused low-cost
B)low-cost
C)SWOT
D)focused differentiation
E)hypercompetition

Question

Quizplus · Accepted Answer

The company is pursuing a low-cost strategy by redesigning products to use the same components, thereby reducing manufacturing costs and enabling price reductions.

A Technology Company Decides to Redesign Key Aspects of Its