A cost leadership strategy provides goods or services with features that are:
A) acceptable.
B) unique.
C) substandard.
D) mediocre.

Question

Quizplus · Accepted Answer

A cost leadership strategy aims to provide goods or services at lower costs while maintaining acceptable features. This means that the quality of the product or service should be sufficient enough to meet customers' basic needs and expectations. Providing substandard or mediocre features would not be acceptable to customers and could negatively impact the success of the cost leadership strategy. "Unique" features would also not be a focus of a cost leadership strategy, as they typically involve additional costs.

A Cost Leadership Strategy Provides Goods or Services with Features