Which of the following is a key attribute of the low-cost leadership strategy?
A)providing unique add-ons to supplement the products or services
B)focusing on a specific market segment
C)optimizing the value chain by eliminating unwanted expenditures
D)offering products and services with superior qualities

Question

Quizplus · Accepted Answer

The key attribute of the low-cost leadership strategy is to optimize the value chain by eliminating unwanted expenditures. This means that the company focuses on cost reduction in every aspect of its operations, from procurement to production and distribution, in order to achieve a competitive edge by offering lower prices compared to its competitors. Providing unique add-ons, focusing on a specific market segment, or offering superior quality products and services are not the main or key attributes of the low-cost leadership strategy.

Which of the Following Is a Key Attribute of the Low-Cost