Aligning operations with a low-cost business strategy is often impossible.

Question

Quizplus · Accepted Answer

Aligning operations with a low-cost business strategy is possible but requires careful planning, efficient processes, and a focus on cost reduction. Companies can achieve a low-cost strategy by implementing automation, outsourcing non-core activities, reducing waste and improving productivity. However, it requires trade-offs and compromises in terms of quality, innovation, and customer service, which may not be suitable for all businesses.

Aligning Operations with a Low-Cost Business Strategy Is Often Impossible