Firms pursuing a cost-leadership strategy are typically characterized by

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Firms pursuing cost-leadership strategies need to carefully control their costs to maintain their competitive advantage. This requires close supervision of labor, raw materials, and inventory to find cost-saving opportunities and eliminate waste. Loose cost control systems, a de-emphasis on quantitative cost goals and costs, or infrequent cost control reports are not consistent with a successful cost-leadership strategy.

Firms Pursuing a Cost-Leadership Strategy Are Typically Characterized by