An organization following a ______ strategy will be most interested in minimizing all internal costs,including employee costs.Such an organization will be concerned with maximum efficiency and effectiveness.
A) differentiator
B) generic cost leadership
C) niche
D) vision

Question

Quizplus · Accepted Answer

The best choice is the generic cost leadership strategy. This strategy involves minimizing internal costs and focusing on efficiency and effectiveness to offer the lowest prices in the market. This organization is not focused on differentiation or serving a niche market, but on being the low-cost leader in their industry. The concept of vision is not relevant to the question.

An Organization Following a ______ Strategy Will Be Most Interested