A cost leadership competitive strategy focuses on which of the following?
A)efficiency
B)innovation
C)elegant design
D)luxury

Question

Quizplus · Accepted Answer

A cost leadership competitive strategy focuses on achieving efficiency and minimizing costs while maintaining acceptable levels of quality. This allows the company to offer lower prices than competitors and still make a profit. Innovation, elegant design, and luxury are not the focus of this strategy.

A Cost Leadership Competitive Strategy Focuses on Which of the Following