What strategy is appropriate in a relatively stable business environment because its approaches competition on the basis of low price and high quality of product or service?

Question

Quizplus · Accepted Answer

A cost-leadership strategy is appropriate in a relatively stable business environment because it focuses on offering a product or service at a lower cost than competitors while maintaining high quality. This can be achieved through efficient operations, economies of scale, and strict cost control measures. This strategy works well in stable environments where there is little change in customer preferences or industry conditions. External staffing, business innovation, and staffing growth may also be important in staying competitive, but they are not directly related to a cost-leadership strategy.

What Strategy Is Appropriate in a Relatively Stable Business Environment