Focused cost leadership is observed when a product has the lowest cost ________.
A) within an industry segment
B) across the product range offered by a company
C) within an industry
D) within the supply chain of a company

Question

Quizplus · Accepted Answer

Focused cost leadership is when a product has the lowest cost within a specific industry segment or niche market. This allows the company to compete by offering the lowest prices to a specific group of customers. It is not necessary for the product to have the lowest cost across the company's entire product range or the entire industry as a whole.

Focused Cost Leadership Is Observed When a Product Has the Lowest