When an organization focuses on making itself more competitive by producing products more cheaply than competitors can, it is following a ________ strategy.
A) stability
B) differentiation
C) focus
D) cost leadership
E) divestiture

Question

Quizplus · Accepted Answer

Cost leadership strategy focuses on reducing costs of production in order to produce products more cheaply than competitors can.

When an Organization Focuses on Making Itself More Competitive by Producing