_____ is a competitive advantage strategy that Walmart and other retailers have followed for years and focuses on becoming more efficient and reducing costs.
A) Differentiation
B) Niche strategy
C) Creating new products and services
D) Cost leadership

Question

Quizplus · Accepted Answer

The strategy described in the statement is cost leadership, which involves reducing costs and becoming more efficient to gain a competitive advantage. Walmart is well-known for implementing this strategy in its operations, enabling them to offer lower prices than many of their competitors.

_____ Is a Competitive Advantage Strategy That Walmart and Other