How does the cost leadership strategy successfully compete?
A) by developing and maintaining a unique perception of its product/service
B) by being the low-cost producer or service provider
C) by carving out a specific/narrow segment of the market
D) by providing a niche product/service at the lowest cost possible

Question

Quizplus · Accepted Answer

The cost leadership strategy focuses on becoming the lowest-cost producer or service provider in the industry, allowing the company to offer lower prices than competitors and attract price-sensitive customers.

How Does the Cost Leadership Strategy Successfully Compete