Which of the following strategies involves the achievement of the lowest cost position in an industry?

Question

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Cost Leadership strategy involves achieving the lowest cost position in an industry. This is done by producing goods or services at the lowest possible cost while maintaining acceptable quality levels. This strategy is commonly used by companies operating in highly competitive industries where price is a major consideration for consumers. Choices A, B, and D all involve differentiation strategies, which focus on offering unique and superior products or services.

Which of the Following Strategies Involves the Achievement of the Lowest