Which of the following statements about companies that adopt a low-cost producer strategy is True?
A) They believe that people will pay more for a product that is unique in some way.
B) They rely on selling products at the lowest possible cost.
C) They often hinge on adjusting to changing environments quickly.
D) Such companies are more likely to take an organic approach to organizational design.
E) They focus on supplying high-quality differentiated products to customers.

Question

Quizplus · Accepted Answer

Companies that adopt a low-cost producer strategy rely on selling products at the lowest possible cost.

Which of the Following Statements About Companies That Adopt a Low-Cost