__________ lower organizational costs required to produce their product or service.

Question

Quizplus · Accepted Answer

Cost leaders are focused on reducing organizational costs to produce their product or service in order to achieve a competitive advantage over their competitors. They aim to offer the same or similar quality products at a lower price than their competitors, which requires them to focus on operational efficiencies and cost cutting measures. Differentiators and niche operators may focus on other areas such as unique features or targeting a specific market segment, which may lead to higher costs.

__________ Lower Organizational Costs Required to Produce Their Product or Service