Which of the following strategies aims to gain a competitive advantage through lower costs of operations and lower prices for products?

Question

Quizplus · Accepted Answer

Cost leadership strategy aims to gain a competitive advantage through lower costs of operations and lower prices for products. Focus strategy involves targeting a specific segment of the market, differentiation strategy aims to differentiate products or services from competitors, organizational strategy focuses on improving the internal operations and processes, and progressive strategy focuses on innovation and advancement. Among these choices, only cost leadership strategy fits the description given in the question.

Which of the Following Strategies Aims to Gain a Competitive