Tim's Tropical Treats' competitive advantage is achieved by keeping production costs per unit below those of its competitors.Tim's Tropical Treats uses which type of strategy?

Question

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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.

Tim's Tropical Treats' Competitive Advantage Is Achieved by Keeping Production