Arrow Corp.attempts to gain a competitive advantage by driving down its production costs per unit below those of its competitors.Arrow is pursuing a(n)______________ strategy.
A) focused differentiation
B) low-cost
C) related diversification
D) unrelated diversification
E) concentration on a single business

Question

Quizplus · Accepted Answer

With a low-cost strategy,managers try to gain a competitive advantage by focusing the energy of all the organization's departments or functions on driving the company's costs down below the costs of its industry rivals.