A strategy that is a combination of low cost leadership and differentiation is:
A) Unlikely to be successful because of limited resources
B) Best cost
C) Cost focus
D) None of the above

Question

Quizplus · Accepted Answer

The combination strategy of low cost leadership and differentiation is known as the best cost strategy. This strategy aims to provide customers with products or services that have both low cost and high value. It can be successful if the company can balance the costs of differentiation with the cost savings of low cost leadership. Therefore, the best choice is B, as the other options are either unrelated or incorrect.

A Strategy That Is a Combination of Low Cost Leadership