Which of these refers to business strategies that seek to establish long-term competitive advantages by emphasizing and perfecting value chain activities that can be achieved at costs substantially below what competitors are able to match on a sustained basis?

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Low-cost strategies refer to the business strategies that aim to establish long-term competitive advantages by emphasizing and perfecting value chain activities that can be achieved at costs substantially below what competitors are able to match on a sustained basis. These strategies can help companies to price their products or services lower than their competitors, thereby making them more attractive to the price-sensitive customers.

Which of These Refers to Business Strategies That Seek to Establish