Organisations pursuing a(n) __________ seek a competitive advantage by directing the organisation's resources and attention towards minimising costs to operate more efficiently than the competition.

Question

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A cost leadership strategy involves an organization aiming to become the lowest cost producer in its industry. The strategy is focused on achieving efficiency and reducing production costs to below those of competitors, thereby allowing the company to offer its products or services at a lower price to its customers or achieve higher margins.

Organisations Pursuing A(n) __________ Seek a Competitive Advantage by Directing