Which 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 is cost leadership, which involves driving down costs to be more efficient and therefore offering lower prices than competitors.

Which Strategy Involves Seeking Efficient Facilities, Cutting Costs and Using