A low-cost strategy allows an organization to attract customers by selling goods of inferior quality at a very low price.

Name: A low-cost strategy allows an organization to attract customers by selling goods of inferior quality at a very low price.
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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.

A Low-Cost Strategy Allows an Organization to Attract Customers by Selling