With a(n) __________ strategy, the organization aggressively seeks efficient facilities, pursues cost reductions, and uses tight cost controls to produce products more efficiently than competitors.
A) cost leadership
B) differentiation
C) focus
D) diversification
E) export

Question

Quizplus · Accepted Answer

The given strategy describes the cost leadership strategy, which focuses on achieving cost advantages over competitors by efficient operations, cost reduction, and tight cost controls. This approach aims to produce products more economically priced than competition, which is achieved by finding efficient facilities, cutting down costs and streamlining operations.

With A(n) __________ Strategy, the Organization Aggressively Seeks Efficient Facilities