With which of the following business strategies do large companies that try to take advantage of economies of scale in production often succeed?
A)Low-cost
B)Differentiation
C)Niche
D)Customer intimacy
E)Functional

Question

Quizplus · Accepted Answer

Companies that succeed with a low-cost strategy often are large and try to take advantage of economies of scale in production or distribution. In many cases, their scale allows them to buy and sell their goods and services at a lower price, which leads to higher market share, volume, and ultimately profits.

With Which of the Following Business Strategies Do Large Companies