Terbium Corporation manufactures water toys.It plans to grow by producing high-quality water toys that are delivered in a timely manner.There are a number of other manufacturers who produce similar water toys.Terbium believes that continuously improving its manufacturing processes and reengineering processes to downsize and eliminate excess capacity are critical to implementing its strategy.Out of the two basic strategies,Terbium's strategy is ________.

Question

Quizplus · Accepted Answer

Terbium Corporation's focus on improving manufacturing processes and eliminating excess capacity aligns with a cost leadership strategy, which aims to become the lowest-cost producer in the industry.

Terbium Corporation Manufactures Water Toys