Which of the following is the best example of competing on low-cost leadership?
A) A firm produces its product with less raw material waste than its competitors.
B) A firm offers more reliable products than its competitors.
C) A firm's products are introduced into the market faster than its competitors' products.
D) A firm's research and development department generates many ideas for new products.
E) A firm advertises more than its competitors.

Question

Quizplus · Accepted Answer

Competing on low-cost leadership involves producing goods/services at a lower cost than its competitors. Option A shows that the firm is able to minimize raw material waste, which reduces costs and increases profitability. The other options do not necessarily relate to producing at a lower cost.

Which of the Following Is the Best Example of Competing