Who among the following has opted for a low-cost strategy?
A) Nivon Flights in their first year are offering tickets cheaper than their competitors.
B) Klaus Ltd. is creating highly innovative products that appeal to different consumers.
C) Baron Blakes has ruled out achievement of economies of scale for its product range.
D) Cantaloupe Farms has decided to invest fewer resources into its marketing ventures.

Question

Quizplus · Accepted Answer

A low-cost strategy is a way of obtaining customers by making decisions that allow an organization to produce goods or services more cheaply than its competitors so it can charge lower prices than they do.

Who Among the Following Has Opted for a Low-Cost Strategy