Efficiency and controlling human resource costs are paramount for organizations adopting a low-cost-provider strategy.

Question

Quizplus · Accepted Answer

Adopting a low-cost-provider strategy means that the organization aims to offer products or services at a lower price than their competitors. In order to do so, they need to focus on efficiency and reducing costs, including human resource costs. Therefore, it is true that efficiency and controlling human resource costs are paramount for organizations adopting a low-cost-provider strategy.

Efficiency and Controlling Human Resource Costs Are Paramount for Organizations