_____ means producing a product or service of acceptable quality at consistently lower production charges than competitors so that the firm can offer the product or service at the lowest price in the industry.
A)Intrapreneurship
B)Divestment
C)Niche leadership
D)Cost leadership
E)Differentiation

Question

Quizplus · Accepted Answer

Cost leadership means being able to produce a product or service at consistently lower production charges than competitors, allowing the firm to offer it at the lowest price in the industry. This strategy is often used by companies that compete on price rather than on product differentiation.

_____ Means Producing a Product or Service of Acceptable Quality