Rosa Apparels Inc.outsources its production to contract manufacturers located in underdeveloped nations where unskilled labor is available in plenty for very low wages.This has helped the apparel brand become a price leader in the industry.Which of the following is the key driver behind Rosa Apparel's strategic position?

Question

Quizplus · Accepted Answer

The key driver behind Rosa Apparel's strategic position is low-cost input factors. One of the most basic advantages a firm can have over its rivals is access to lower-cost input factors such as raw materials, capital, labor, and IT services.