When Walmart competes globally on the basis of "everyday low prices," it relies on which of Porter's generic strategies?

Question

Quizplus · Accepted Answer

Walmart's strategy of offering "everyday low prices" is a clear indication of a cost leadership strategy, which is one of Porter's generic strategies. Walmart aims to be the lowest-cost producer in the industry, and by achieving this, it can sell its products at lower prices than its competitors while maintaining profitability.

When Walmart Competes Globally on the Basis of "Everyday Low