Cost-leadership firms are typically characterized by very ________ cost-control systems.

Question

Quizplus · Accepted Answer

Cost-leadership firms aim to offer the lowest prices in the market, which requires tight cost-control systems to minimize expenses and maintain profitability. Flexible or loose systems may lead to inefficiencies and higher costs. Decentralized systems may offer flexibility, but they may also result in less control over costs.

Cost-Leadership Firms Are Typically Characterized by Very ________ Cost-Control Systems