________ is an organization's ability to achieve low costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control.
A)Strategy
B)Product differentiation
C)Cost leadership
D)The balanced scorecard
E)Product leadership

Question

Quizplus · Accepted Answer

Cost leadership is the ability of an organization to achieve low costs relative to competitors, which helps in making the products consistently available to customers at lower prices. It requires productivity and efficiency improvements, elimination of waste, and tight cost control, which help organizations maintain a competitive edge.

________ Is an Organization's Ability to Achieve Low Costs Relative