"A strategy to gain competitive advantage through lower costs of operations and lower prices for products" is the definition of which strategy?

Name: "A strategy to gain competitive advantage through lower costs of operations and lower prices for products" is the definition of which strategy?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The strategy described is cost leadership, which involves focusing on achieving lower costs of operations in order to offer lower prices for products/services and gain a competitive advantage.

"A Strategy to Gain Competitive Advantage Through Lower Costs of Operations