A low-cost producer focuses on
A)providing goods and services at highest possible costs and selling at high prices.
B)providing goods and services at lowest possible costs and selling at high prices.
C)providing goods and services at highest possible costs and selling at low prices.
D)providing goods and services at lowest possible costs and selling at low prices.

Question

Quizplus · Accepted Answer

A low-cost producer focuses on providing goods and services at the lowest possible costs and selling at low prices. This allows them to have a competitive advantage over other businesses and appeal to cost-conscious consumers.

A Low-Cost Producer Focuses on