The best method of attaining a low-cost position is to:

Question

Quizplus · Accepted Answer

Taking advantage of economies of scale and experience curve is the best method of attaining a low-cost position. This means producing in large quantities to reduce costs per unit and utilizing accumulated knowledge and experience to further reduce costs. This approach allows firms to not only reduce costs but also maintain control over production processes and quality. The other options listed may lead to lower costs in the short term, but have potential drawbacks such as dependence on foreign suppliers or reputational risks associated with low wages and poor labor conditions.

The Best Method of Attaining a Low-Cost Position Is To