A firm following a cost-leadership strategy may employ a high number of contract and part-time workers, offer little-to-no training, and pay below market rates.

Question

Quizplus · Accepted Answer

A cost-leadership strategy focuses on offering products or services at the lowest possible cost. To achieve this, the firm may use a variety of tactics, including employing contract and part-time workers, offering minimal training, and paying lower wages than competitors.

A Firm Following a Cost-Leadership Strategy May Employ a High