One of Porter's generic business strategies that focuses on reducing expenses and, in turn, lowers product prices while targeting a broad array of market segments, is referred to as a

Question

Quizplus · Accepted Answer

The description given in the question matches the characteristics of a cost leadership strategy where the main emphasis is on reducing expenses to offer products at lower prices and compete with a broad range of competitors. The other options, such as differentiation focus strategy, differentiation strategy, and supply focus strategy, are not as relevant to the description given.

One of Porter's Generic Business Strategies That Focuses on Reducing