Focusing on process development can lead to a successful cost leadership competitive strategy.

Question

Quizplus · Accepted Answer

By focusing on process development, a company can streamline and optimize its operations to reduce costs and increase efficiency. This can help the company to offer lower prices than competitors, which is a key aspect of the cost leadership strategy. Therefore, focusing on process development can contribute to the success of a cost leadership competitive strategy.

Focusing on Process Development Can Lead to a Successful Cost