A firm that employs a low-cost strategy should minimize inventory throughout the supply chain.

Name: A firm that employs a low-cost strategy should minimize inventory throughout the supply chain.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

By minimizing inventory throughout the supply chain, a low-cost strategy firm can reduce its costs associated with warehousing, handling, and managing inventory. This helps to keep the prices low and increase competitiveness.

A Firm That Employs a Low-Cost Strategy Should Minimize Inventory