The _____ strategy involves seeking efficient facilities, cutting costs and using tight cost controls to be more efficient than competitors.
A) cost leadership
B) differentiation
C) focus
D) internal growth
E) liquidation

Question

Quizplus · Accepted Answer

The strategy described in the question is that of "cost leadership." This involves a company seeking to be the low-cost producer in their industry by finding ways to cut costs and operate more efficiently than competitors. By doing so, they can offer lower prices to customers and potentially gain market share. The other options (differentiation, focus, internal growth, and liquidation) do not specifically focus on cutting costs and being the low-cost producer.

The _____ Strategy Involves Seeking Efficient Facilities, Cutting Costs and Using