A strategy that focuses on lowering operating costs is referred to as a ________ strategy.
A)differentiation
B)cost leadership
C)niche market
D)diversification

Question

Quizplus · Accepted Answer

A cost leadership strategy is aimed at achieving the lowest possible cost of production in the industry, which involves reducing operating costs as much as possible. The other options, such as differentiation, niche market, and diversification, are focused on different goals and do not necessarily involve lowering operating costs.

A Strategy That Focuses on Lowering Operating Costs Is Referred