The __________ strategy emphasizes competing in the industry by providing a product at a price as low as or lower than competitors.
A) differentiation
B) cost leadership
C) multidomestic
D) diversification

Question

Quizplus · Accepted Answer

The cost leadership strategy focuses on gaining competitive advantage by having the lowest cost of operation in the industry, which often translates into offering products at a lower price than competitors.

The __________ Strategy Emphasizes Competing in the Industry by Providing