A firm that chooses a ________ focuses on gaining advantages by reducing its cost below all of its competitors.

Name: A firm that chooses a ________ focuses on gaining advantages by reducing its cost below all of its competitors.
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Question

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A firm that chooses a cost-leadership business strategy focuses on creating a competitive advantage by achieving the lowest cost of production and distribution compared to its competitors. This allows the firm to offer lower prices and/or higher profit margins.

A Firm That Chooses a ________ Focuses on Gaining Advantages