To achieve cost leadership, a company must create an intrinsic advantage such as economies of scale, uniquely productive processes or low-cost factors.

Question

Quizplus · Accepted Answer

Cost leadership involves achieving the lowest operational costs in an industry, often through economies of scale, efficient processes, and low-cost inputs, which allows a company to offer competitive pricing while maintaining profitability.

To Achieve Cost Leadership, a Company Must Create an Intrinsic