To pursue a cost leadership strategy,strategic managers need to incorporate all the latest technology into their products.

Question

Quizplus · Accepted Answer

Pursuing a cost leadership strategy does not necessarily require the incorporation of all the latest technology, as such investments in technology may add to the cost of production and thus reduce the firm's ability to compete on cost. Rather, cost leadership strategy typically involves finding ways to produce and deliver products or services more efficiently and economically than competitors, such as through process improvements, economies of scale, or low-cost sourcing of inputs.

To Pursue a Cost Leadership Strategy,strategic Managers Need to Incorporate