Firms pursuing a cost-leadership strategy are typically characterized by

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Firms pursuing a cost-leadership strategy typically focus on minimizing costs at every stage of production and operation. This requires close supervision of labor, raw materials, inventory, and other costs to ensure that they are kept under control. Loose cost control systems, a de-emphasis on quantitative cost goals, and infrequent cost control reports are not consistent with this approach to cost management.

Firms Pursuing a Cost-Leadership Strategy Are Typically Characterized by