_____ means that the firm seeks to make its products or provide its services at the lowest cost possible relative to its competitors while maintaining a quality that is acceptable to consumers.
A)Geographical scope
B)Differentiation
C)Offshoring
D)Cost-leadership strategy
E)Homesourcing

Question

Quizplus · Accepted Answer

Cost-leadership strategy is focused on producing goods or providing services at the lowest possible cost relative to competitors, while ensuring the quality is acceptable to consumers. This approach helps a company to compete on price and attract a broad market segment.

_____ Means That the Firm Seeks to Make Its Products