Organisations pursuing a __________ strategy strive to be the lowest-cost producer in an industry for a particular level of product quality.
A) cost leadership
B) differentiation
C) specialisation
D) growth
E) self-sabotaging

Question

Quizplus · Accepted Answer

The description given matches the definition of a cost leadership strategy. This strategy involves reducing costs across the value chain to offer products at a lower price while maintaining the desired level of quality.

Organisations Pursuing a __________ Strategy Strive to Be the Lowest-Cost