A furniture company is trying to keep the costs of the company low by switching its suppliers and ordering materials in larger quantities to reduce overall costs.The company is employing a
A)focused differentiation strategy.
B)low-cost strategy.
C)high-cost strategy.
D)unifying strategy.
E)hypercompetition strategy.

Question

Quizplus · Accepted Answer

With a low-cost strategy, managers try to gain a competitive advantage by focusing the energy of all the organization's departments or functions on driving the company's costs down below the costs of its industry rivals.

A Furniture Company Is Trying to Keep the Costs of the Company