One of the ways entrepreneurs achieve success is by using resources more efficiently.This is an example of how entrepreneurs use a(n)________ strategy.
A) imitative
B) low-cost leader
C) differentiation
D) combination

Question

Quizplus · Accepted Answer

One of the ways entrepreneurial firms achieve success is by doing more with less. By holding down costs or making more efficient use of resources than larger competitors, new ventures are often able to offer lower prices and still be profitable. Thus, under the right circumstances, a low-cost leader strategy is a viable alternative for some new ventures.

One of the Ways Entrepreneurs Achieve Success Is by Using